A&E acquires Lifetime

August 27, 2009 In what may have been the worst-kept secret of the summer, A&E Television Networks is officially acquiring Lifetime Entertainment Services per terms of a three-handed arrangement between Disney-ABC Television, Hearst and NBC Universal. Once the deal closes, Lifetime and Lifetime Movie Network will be brought into the A&E fold, with AETN president and CEO Abbe Raven assuming oversight of the three major network properties (A&E, History and Lifetime nets). Andrea Wong, president and CEO of Lifetime Entertainment Services, will continue to lead the two Lifetime ventures, while Bob DeBitetto and Nancy Dubuc will serve as president and GM of their respective properties.

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