A&E Television Networks is an American media company that owns a group of television channels available via cable & satellite in the US and abroad. A&E stands for Arts & Entertainment. The company is a joint venture between Hearst Corporation and Disney-ABC Television Group, a subsidiary of The Walt Disney Company. NBCUniversal was also a part of the joint venture, with Hearst and Disney each owning a 42.5% stake and NBCUniversal owning a 15% stake, but in July 2012, NBCUniversal confirmed plans to sell its 15.8% stake in A+E Networks to Disney and Hearst, who will become 50-50 partners in the joint venture.
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