Disney Sells 50% Stake in A+E Global Media to Hearst for Over $1 Billion

Disney is selling its 50% stake in A+E Global Media — parent of A&E, History Channel, Lifetime and Vice TV — to joint-venture partner Hearst, which will take full ownership after 40 years of shared control. The all-cash deal is valued at more than $1 billion and is expected to close alongside Disney's Aug. 5 earnings release.