Disney, Hearst, NBC in Talks on Joint Cable Venture
Reuters, June 5, 2009
By Gina Keating
Walt Disney, Hearst 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. The new joint venture would be expected to eventually buy out NBC Universal and create economies of scale at the 10 channels that would lower costs.
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