07/05/2009 05:12 am ET | Updated May 25, 2011

A&E Television Networks, Lifetime To Merge; A&E President & CEO Will Run New Venture

A&E Television Networks president and CEO Abbe Raven has been named to run a new company being formed by Disney-ABC TV, Hearst Corporation and NBC Universal, according to several sources close to talks. The new entity merges the various assets of AETN and Lifetime and creates a powerhouse cable company with 10 channels in 145 countries, three of the top 12 cable brands and 15 Websites.

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