By Leah Greenblatt
Updated August 27, 2009 at 05:38 PM EDT

Today, the Disney/ABC Television Group, Hearst Corporation and NBC Universal announced that A&E Television Networks will be acquiring Lifetime Entertainment Services.

That means the consolidation of A&E, the History Channel, Lifetime Television, Lifetime Movie Network, Biography, History International, Lifetime Real Women, History en Espanol, Military History and Crime & Investigation Network, all under the AETN umbrella. Abbe Raven, president and chief executive officer of AETN, will serve as head of the combined company following the closing.