• The Associated Press, Friday, June 19, 2009 9:30 AM

Comcast has purchased the 50% portion of New England Cable News from struggling Hearst that it didn't already own. Hearst created the news outlet as a joint venture in 1992 with New England cable operators that Comcast eventually acquired. The price was undisclosed.

Comcast says the acquisition, combined with the Comcast SportsNet New England regional network, strengthens the company's position as a regional source of news and entertainment. Bill Bridgen, GM of Comcast SportsNet New England, also will oversee New England Cable News.

Facing declining revenue at its various newspapers and magazines, Hearst ended the print edition of its Seattle Post-Intelligencer paper this year and is mulling charging online fees to readers of its content.

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