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A+E Global Media To Become a Wholly Owned Hearst Business

Hearst announced an agreement with subsidiaries of The Walt Disney Company (NYSE: DIS) where Hearst will acquire Disney’s 50% interest in A+E Global Media for approximately $1.2 billion in cash. The transaction is expected to close in September, subject to customary closing conditions. 

Upon closing A+E Global Media will become a wholly owned Hearst business within its Entertainment group. 

A+E Global Media, launched as A&E (the Arts & Entertainment Network) in 1984, today reaches more than 414 million households across 200 territories in 40 languages, and its well-known brands include A&E®, Lifetime®, The HISTORY® Channel, LMN®, FYI® and VICE TV®. 

 
Hearst is one of the nation’s largest global, diversified information, services and media companies.

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