MSNBC is an American pay television network that provides news coverage and political commentary from NBC News on current events. MSNBC is owned by the NBCUniversal News Group, a unit of the NBCUniversal Television Group division of NBCUniversal (all of which are ultimately owned by Comcast). MSNBC and its website were founded in 1996 under a partnership between Microsoft and General Electric's NBC unit, hence the network's naming. Although they had the same name, msnbc. com and MSNBC maintained separate corporate structures and news operations. msnbc. com was headquartered on the Microsoft campus in Redmond, Washington, while MSNBC operated out of NBC's headquarters in New York City. Microsoft divested itself of its stakes in the MSNBC channel in 2005 and in msnbc. com in July 2012. The general news site was rebranded as NBCNews. com, and a new msnbc. com was created as the online home of the cable channel.