FOX BUYS UP MOTOR RACING NETWORK

US-based Fox Cable Networks Group, a division of Rupert Murdoch?s News Corporation, has agreed a transfer of programming interests with rival cable firm Comcast. The deal will see Fox sell its stakes in the Golf Channel and the Outdoor Life Network (OLN) to Comcast in exchange for ownership of motor racing network Speedvision in which Fox currently holds a minority stake.

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