MGM Sells Stake in Rainbow Cable Networks to Cablevision

Circuit City rejects a bid from Carlos Slim Helu Group, and more deal news

Metro-Goldwyn-Mayer Inc. (MGM ) agrees to sell its stake in Rainbow Cable Networks, which includes American Movie Classics, Independent Film Channel and Womens' Entertainment, back to Cablevision Systems (CVC ) for $500 million. (6/30)

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