Investing.com -- A+E Global Media is exploring strategic options, including a potential sale or merger, and has hired Wells Fargo to assist with this process, according to report from Hollywood Reporter and Deadline. The company, which owns Lifetime, History Channel, and A&E cable channels along with their streaming services and content libraries, is currently a 50/50 joint venture between The Walt Disney (NYSE:DIS) Co. and Hearst. This development comes as traditional media companies face challenges in the cable television market. Industry observers note that Disney and Hearst may be looking to sell A+E to a buyer who could operate the brands more efficiently. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.