A&E Networks Acquires Lifetime

Aug 27, 2009  •  Post A Comment

As expected–and as previously reported–A&E Networks announced today that it is acquiring Lifetime Entertainment Services.

A&E is co-owned by DIsney, Hearst and General Electric’s NBC. Lifetime has been a 50/50 joint venture between Disney and Hearst.

In May, 2008, Disney CEO Robert Iger told Multchannel News that if would be better if  Lifetime was part of the A&E group: "We leave some money on the table by not managing them as a whole, meaning one company." 

According to the deal announced today–which the parties hope to conclude by the end of the year– after 15 years NBC could exit the venture.

–Chuck Ross

2 Comments

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