A + E Global Media would have put a sign for sale on its portfolio of network, which includes an A + E network, a history channel and a lifespan.
The company, which has recently been renamed from A + E Networks, is a 50-50 joint venture between Disney and Hearst. The two companies would have hired the branch of the Wells Fargo investment bank to explore strategic options, including a potential sale or merger.
Disney representatives refused to comment. Hearst, A + E Global Media and Wells Fargo did not immediately return the request for the comments from Thewrap.
A + E has more than 70,000 distinct content assets, ranging from short -term to the long form, which reach more than 414 million households in 200 territories and 40 languages.
In March, the president of A + E Media Solutions, Toby Byrne, told thewrap that the multi-platform strategy of A + E reached 60% of American adults.
In addition to the lifetime and history channel, the world media portfolio A + E includes LMN, Fyi and vice-television brands, scripted and factual production divisions and more than 60 fast channels. It also contains participations in Range Media Partners and propagates content, which collectively represents more than 3,000 artists, athletes, directors, musicians, writers and producers.
More to come …
