Disney sells A+E Global Media stake to Hearst for $1.2 billion

Disney divested its 50% ownership stake in A+E Global Media to Hearst for approximately $1.2 billion in cash, with the transaction expected to close in September. Hearst will assume full control of the media company, which operates the History, Lifetime and A&E brands. The sale aligns with Disney's ongoing portfolio streamlining as the company prioritizes its streaming services, ESPN, and theme parks while de-emphasizing traditional linear television assets. The $1.2 billion in cash from the sale will support the company's increased share repurchase program.

1. Disney sold its 50% stake in A+E Global Media to Hearst for approximately $1.2 billion in cash.
2. The transaction is expected to close in September 2026.
3. A+E Global Media operates the History, Lifetime and A&E brands.
4. The sale reflects Disney's focus on streaming, ESPN, and theme parks over traditional linear television.
5. Proceeds will support Disney's increased $9 billion share repurchase program.