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
03/30/201708:49:00Departed Disney Executive Linked to Firm That Used Brand Without...
03/30/201708:08:00Watch now: BizWireTV Covers the Latest Video App Taking Over...
03/24/201703:02:00Disney Gives CEO More Time On the Job -- WSJ
03/23/201716:57:00Disney Extends CEO Robert Iger's Tenure to 2019 -- 4th Update
03/23/201715:10:00Disney Extends CEO Robert Iger's Tenure to 2019 -- 3rd Update
03/23/201713:40:00Disney Extends CEO Robert Iger's Tenure to 2019 -- 2nd Update
03/23/201712:24:00Disney Extends CEO Robert Iger's Tenure to 2019 -- Update
03/23/201712:14:00Disney Extends CEO Iger's Tenure to 2019
03/23/201711:03:50Current Report Filing (8-k)
03/23/201711:00:00The Walt Disney Company Board of Directors Extends Robert A...
03/22/201709:29:00Former Disney Executive to Launch Kids' Digital Content Competitor
03/21/201720:00:00D23 Expo Disney Fan Event to Be Held in Japan in 2018
03/21/201714:00:00The Walt Disney Company Executives to Discuss Fiscal Second Quarter...
03/20/201706:02:00Taptica Fiscal Year Pretax Profit Rises, Sees Strong 2017--Update
03/15/201703:02:00Pink Slime' Case Heads to Trial -- WSJ
03/14/201715:27:00ABC to Face South Dakota Jury Over 'Pink Slime' Story -- Update
03/13/201717:03:31Current Report Filing (8-k)
03/08/201714:00:00Shareholders Re-Elect 11 Directors at The Walt Disney Company...
03/03/201716:39:45Current Report Filing (8-k)
03/03/201715:42:17Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US