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Hearst Television to acquire full ownership of A+E Global Media
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TheDesk.net
The properties of A+E Global Media include the flagship A&E, the History Channel, Lifetime and Vice TV, among others.
On Tuesday, Hearst said it expects to close on its acquisition of Disney’s stake in A+E Global Media by September, subject to customary closing conditions.
Hearst has served as an equity owner of A+E Global Media since it was relaunched from ARTS, the Alpha Repository Television Service, in the mid-1980s.
ABC was a founding participant in A+E Global Media, which previously operated as A+E Networks.
Possible scenarios included divvying up A+E Global Media and selling off its parts, including its content library, which is widely licensed by other broadcasters.