Hearst Corp. continued its push to become a force in unscripted programming.
The media conglomerate struck an agreement to acquire a 50% stake in NorthSouth Productions, whose television credits include "Say Yes to the Dress." Terms of the deal were not disclosed.
"This partnership gives us a significantly stronger presence in cable network production, which is experiencing a steady growth in overall demand,” said Hearst Chairman Frank Bennack.
Although Hearst is still best known as a newspaper and magazine publisher, it has ownership stakes in cable networks A&E, History, Lifetime and ESPN. It also owns 29 television stations that reach almost 20% of the United States.