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
05/24/201508:40:03Comcast Corporation's Customers Aren't the Only Ones Who Hate...
05/23/201511:45:47How to Make a Portfolio of Media Companies
05/23/201508:03:02How to Make a Portfolio of Media Companies
05/22/201507:17:035 Things The Walt Disney Co's Management Wants You To Know
05/20/201515:00:03The 3 Best Stocks for Investing in Hollywood
05/20/201514:04:02The a la Carte Conundrum: How Much Would You Pay for These Channels?
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201504:34:00Disney Store Opens its First and Largest Store in the World in...
05/20/201501:14:00Disney Store Opens its First and Largest Store in the World in...
05/19/201515:17:08Pro Football Shrine Taps Into Its Inner Disney
05/19/201513:00:00D23 EXPO Dream Store Returns to the Ultimate Disney Fan Event...
05/18/201521:09:03The 30 Dow Jones Stocks
05/18/201518:00:135 Things Netflix Inc's Content Boss Ted Sarandos Wants You to...
05/18/201516:06:33Venezuelan Congress Head Diosdado Cabello Targeted in Probe
05/17/201508:30:02Not Sponge-Worthy: Did Netflix Miss Out On Seinfeld?
05/16/201512:02:123 Questions The Walt Disney Co Answered For Investors
05/13/201517:00:16Is It Time to Take Profits in Walt Disney Co. Stock?
05/13/201514:40:16AT&T Reaches Deal to Offer Hulu
05/13/201508:10:15Alibaba's Tmall.com to Sell Avengers Movie Merchandise
05/13/201507:57:03Alibaba's Tmall.com to Sell Avengers Movie Merchandise

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