Disney, Hearst, NBC in talks on wire junction venture

Representatives representing both Disney Media Networks and Hearst confirmed the talks but declined to furnish details. A spokesman representing NBC Universal, the media wing of General Electric Co, was not at once upon a period at to note late in the daytime on Thursday.

"We can approve that we are in conversation with our partners on the ownership structure," Disney Media Networks spokesman Kevin Brockman said. "No agreement has been reached and we be obsessed no announcement."

Hearst Corp spokesman Paul Luthringer had a like statement.

Media commerce dissemination Broadcasting & Cable reported on Wednesday that the three partners were close to a deal to build a junction risk that would grasp the three favourite wire channels, and Lifetime Movie Networks, Lifetime Real Women, Biography Channel, History International, History on Espanol, Military History, and Crime and Investigation.

The new junction risk would be expected to finally buy exterior NBC Universal and build economies of range at the 10 channels that would drop costs, people known with the material said.

Abbe Raven, president and CEO of A&E Television Networks, is expected to sprint the new venture, those sources said.

(Reporting close by Gina Keating; Editing close by Bob Tourtellotte)