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The cable division also used to operate NBC Weather Plus until 2008.It also owned a 50% stake in Canal and also owned a 15% stake in A E Networks until 2012.Universal Network Television bought the Law & Order franchise and The District—in fact, Universal Network Television had co-produced American Dreams with NBC before the merger.Entertainment shows produced by the new group include The Tonight Show with Jay Leno, Late Night with Jimmy Fallon, Last Call with Carson Daly, and Saturday Night Live.The new networks included NBC Europe, CNBC Europe, NBC Asia, CNBC Asia, NBC Africa, and CNBC Africa.In 1999, NBC took a 32% stake in the Paxson group, operator of PAX TV.
It is one of two successor companies to MCA Inc., the other being Vivendi through its subsidiary Universal Music Group.
NBC Universal Television has its modern roots in a series of expansions undertaken by NBC.
In the late 1980s, NBC began pursuing a strategy of diversification, including the formation of two NBC-owned cable-television networks: CNBC and America's Talking.
The following year, NBC announced an agreement with Microsoft to create an all-news cable television channel, MSNBC (using its subscriber base from America's Talking network).
A separate joint venture with Microsoft included establishing a news website, (now NBCNews.com). The two companies combined their financial news channels outside the US.