A+E Global Media explores sale or merger options amid cable channel shifts - Reports
Investing.com -- A+E Global Media is exploring strategic options, including a potential sale or merger, and has hired Wells Fargo to assist with this process, according to report from Hollywood Reporter and Deadline.
The company, which owns Lifetime, History Channel, and A&E cable channels along with their streaming services and content libraries, is currently a 50/50 joint venture between The Walt Disney (NYSE:DIS) Co. and Hearst.
This development comes as traditional media companies face challenges in the cable television market. Industry observers note that Disney and Hearst may be looking to sell A+E to a buyer who could operate the brands more efficiently.
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