Hearst has acquired a majority interest in Litton Entertainment, a TV production company.
Litton produces both scripted and unscripted programming, focusing on family entertainment. Dave Morgan is the company’s founder, president and CEO. The deal with Hearst is expected to close Feb. 1.
“We’ve known Dave since the early days of his career with Hearst and have admired the first-class brand of Litton Entertainment that he and his team have built over the years,” said Hearst Television president Jordan Wertlieb, in a statement. “Providing quality, family-friendly programming to viewers is an important tenet of Hearst Television and adding Litton’s assets and expertise to our company through this partnership will be a terrific complement to our business.”