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
04/19/201508:04:02People Pay Up to Get Into Disney Parks
04/18/201517:22:10How Disney World Does the Internet of Things
04/18/201512:20:03Why Streaming Live TV Could Ignite a TV Revolution
04/17/201516:40:03Walt Disney Co. Stock Ratio Analysis
04/17/201512:05:03Why Hasbro Investors Don't Care About Declining Sales
04/17/201508:06:02AMC Entertainment & Disney Just Gave Dolby Vision Much-Needed...
04/17/201503:49:22Walt Disney PT Raised to $120.00 (DIS)
04/16/201521:00:03Can Disney Strong-Arm Apple? Would It Matter?
04/16/201517:01:35MARKET SNAPSHOT: U.S. Stocks Finish Lower Amid Mixed Economic...
04/16/201506:15:47JBL Advisors Begins Coverage on Walt Disney (DIS)
04/15/201520:15:03The 3 Best Stocks for the Entertainment Industry
04/15/201509:00:00Dolby Vision to Launch with Disneyâs Tomorrowland and Disneyâ¢Pixarâs Insid...
04/13/201519:25:024 Billion-Dollar Movie Franchises Set to Deliver Big Wins at...
04/12/201522:21:00China Mengniu Dairy to Supply Shanghai Disneyland With Ice Cream
04/12/201512:22:02These Innovative, Disruptive Companies Are Changing How We Relax
04/12/201512:00:03Disney to Apple: Disrupting TV Won't Be Easy
04/12/201511:03:03Why Your Cable Bill Is So Darn Expensive
04/11/201510:32:01IMAX: New Deal With Disney And Fast And Furious 7 Results Strengthen...
04/11/201510:22:03Why Disney's "Mulan" Remake is Poised to Gross Over $1 Billion
04/10/201520:59:55'Interstellar' posts strong debut atop home-video chart

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad