ADVFN - Advanced Financial Network.
HOME» NYSE » W » DIS Stock Price » DIS Stock News

Walt Disney Share News

 Disney (walt) Co. (the) Stock Price
DIS Stock Price
 Disney (walt) Co. (the) Stock Chart
DIS Stock Chart
 Disney (walt) Co. (the) Stock News
DIS Stock News
 Disney (walt) Co. (the) Company Information
DIS Company Information
 Disney (walt) Co. (the) Stock Trades
DIS Stock Trades

Comcast Confirms Sale of A&E Television Stake for $3.03 Billion

By William Launder Comcast Corp.'s (CMCSA, CMCSK) NBCUniversal unit confirmed plans to sell its minority stake in A&E Television Networks for $3.03 billion to joint-venture partners Walt Disney Co. (DIS) and Hearst Corp. A&E agreed to redeem NBCUniversal's 15.8% stake in a deal to be paid in cash and in the form of a senior note issued by A&E, Comcast said in a filing Tuesday with the Securities and Exchange Commission. Comcast said earlier this year that it had exercised an option to sell the stake, which was widely expected to be sold to Disney and Hearst. Last week, it was reported by various outlets, including The Wall Street Journal, that a deal was near. Comcast acquired its stake in A&E--home to the History Channel, the Biography Channel and Lifetime--when it purchased a controlling interest in NBCUniversal from General Electric Co. (GE) last year. The stake sale implies a valuation of almost $20 billion for all of A&E. According to a note from Davenport Research, the A&E group of channels ranks fourth in total prime time viewers, with the top three spots taken by Viacom Inc. (VIA, VIAB), Time Warner Inc. (TWX) and NBCUniversal. A&E is expected to have about $1.1 billion in cash flow this year, Davenport said. Write to William Launder at william.launder@dowjones.com

Stock News for Walt Disney (DIS)
DateTimeHeadline
02/12/201616:10:00Mattel Changes Head of Barbie Business
02/12/201606:00:00Watch the latest BizWireTV from Business Wire
02/12/201605:29:00Tangled: Minority Shareholders Wage Legal Battle Over Euro Disney
02/11/201619:51:00Activision Blizzard Reports Lackluster Holiday Results -- 2nd...
02/11/201617:00:00Activision Reports Lackluster Holiday
02/11/201610:37:50Statement of Ownership (sc 13g)
02/10/201603:02:00Disney Stresses ESPN To Allay Cable Fears
02/09/201620:09:00Disney Earnings Surge on 'Star Wars'; Shares Fall on ESPN--4th...
02/09/201617:31:00Disney Earnings Surge on 'Star Wars'; Shares Fall on ESPN--Update
02/09/201617:20:00Disney Earnings Surge on 'Star Wars'
02/09/201617:10:00Disney Earnings Surge on 'Star Wars'
02/09/201616:20:00The Walt Disney Company Reports Record Quarterly Earnings for...
02/09/201603:02:00Disney Needs ESPN In The Game -- Ahead Of The Tape
02/08/201610:00:00GARAGE Magazine and Marvel Turn Supermodels into Super Heroes
02/03/201614:30:00Disney's Zootopia To Be Released In IMAX® 3D Theatres Domestically...
02/02/201600:00:00Disney Store Announces Global Release of Star Wars Tsum Tsum...
02/01/201603:03:00Hollywood Bets On New App To Fill Theaters
01/31/201619:40:00Time Warner Talks With Hulu Zero in on Current Seasons
01/28/201612:50:00Police Arrest Armed Man at Disneyland Paris
01/27/201610:17:00Mattel And Disney Consumer Products Announce Renewed Agreement...

Walt Disney and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad