US-based cable operator owns networks including History, A&E and Lifetime
A+E Global Media is being put up for sale by co-owners Disney and Hearst, according to a US report.
The company, which was previously known as A+E Networks and is a 50-50 joint venture between Disney and Hearst, owns linear network brands A&E, Lifetime and History, as well as Vice TV.
The group is also home to Lifetime Movie Network and FYI, as well as production units A+E Studios, A+E Factual Studio and a host of branded FAST channels.
A+E, which is run by president Paul Buccieri, also operates SVOD services including History Vault and channels in Europe such as Crime + Investigation and Blaze, which fall under the recently rebranded Hearst Networks EMEA brand.
US trade Variety broke the news, adding that US bank Wells Fargo is handling the process. No companies involved commented on the development.
Disney and Hearst, which do not break reveal A+E’s earnings, are the latest US companies looking to divest their cable channel operations.
Warner Bros. Discovery revealed at the end of last year that it would be splitting its streaming and linear operations. A subsequent announcement in June confirmed that the divisions would be separate publicly traded companies.
Fellow US operator NBCUniversal has also split its cable channels from its studios, streaming and broadcast business, with the new company named Versant.
No comments yet