Disney Selling A+E Global Media Stake To Hearst In Billion-Dollar Deal

Disney is shedding a linear asset by selling its 50% stake in A+E Global Media to Hearst. The all-cash transaction is believed to be worth over $1 billion. According to reports from Deadline and TheWrap, the deal is currently being finalized. The company is expected to officially reveal the pending announcement during its earnings call scheduled for next week, as previously noted by analyst Rich Greenfield regarding the billion-dollar sale of the media stake.