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

Disney is set to sell its 50% stake in A+E Global Media to co-owner Hearst in a deal valued at over $1 billion, according to a source familiar with the matter. The two companies have jointly owned A+E Global Media — formerly known as A+E Networks — for more than a decade, with the business focused on cable television. No timeline for closing the deal was disclosed.