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Latest Satellite News Discussion, New AETN/Lifetime Union Finalized at General Satellite News forum; AETN/Lifetime Union Finalized CEO Raven Addressed Staff Today Claire Atkinson (Broadcasting & Cable) 9/16/2009 2:15:00 PM EDT Disney-ABC TV, Hearst ...

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New AETN/Lifetime Union Finalized
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New AETN/Lifetime Union Finalized - 17-September-2009, 10:10

AETN/Lifetime Union Finalized
CEO Raven Addressed Staff Today
Claire Atkinson (Broadcasting & Cable) 9/16/2009 2:15:00 PM EDT

Disney-ABC TV, Hearst and NBC Universal finalized their already announced joint venture ownership of A&E Networks, which now officially incorporates Lifetime's femme-focused assets.

A&E CEO Abbe Raven addressed the staff today in a video and discussed the new entity which counts NBC Universal as a 15% stakeholder while Disney-ABC and Hearst hold the balance.

The move paves the way for decisions to be made on staffing needs since many back room positions are expected to be eliminated.



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