The latest news out of Los Angeles is that the companies that own A&E, Lifetime and The History Channel would create a new joint venture. When you combine The Walt Disney Co., Hearst Corp. and NBC Universal, they own A&E, Lifetime, History Channel, Lifetime Movie Networks, Lifetime Real Women, Biography Channel, History International, History on Espanol, Military History, and Crime and Investigation.
LOS ANGELES (Reuters) – The Walt Disney Co, Hearst Corp and NBC Universal are in talks to create a new corporate entity comprising the 10 cable channels the three companies own jointly, including A&E, Lifetime and History.
Representatives for both Disney Media Networks and Hearst confirmed the talks but declined to provide details. A spokesman for NBC Universal, the media wing of General Electric Co, was not immediately available to comment late in the day on Thursday.
According to the article the new joint venture would eventually buy out NBC Universal which would help lower costs.