 In May 2011, A&E Television Networks changed its brand name to A+E Networks.A&E dropped TV as their brands had moved beyond just the TV channel while keeping Networks being contemporary to similar companies.In July 2012, NBC confirmed plans to divest its 15.8% stake in A&E Networks by way of a share repurchase by A&E Networks, making Disney and Hearst 50-50 partners in the joint venture.