MUMBAI: Disney, NBC Universal and Hearst Corp. are near a deal to create a new joint venture that would house cable networks A&E, History Channel and Lifetime.
It may be noted that Hearst, Disney and NBC already are partners on A&E and History and a handful of spin-off channels (Hearst and Disney each owns 37.5 per cent and NBC has a 25 per cent stake) while Disney and Hearst co-own Lifetime.
The three companies would create a new company combining all the networks that would be majority owned by Hearst and Disney, with NBC getting a stake that would be less than 25 per cent, according to sources.
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