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[In progress] NBC Universal (NYSE: GE) and MTV Networks (NYSE: VIA) have struck a joint venture agreement to create and distribute content around the Action Sports Tour. AST, which was formed last year, is targeted to youth and has three tours: AST Dew Tour, the AST Winter Dew Tour and the amateur Free Flow Tour. The company will be co-owned by MTVN and NBC Sports. Terms of the deal were not …

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