Hearst to buy Disney's 50% stake in A+E Global Media for $1.2B in cash

Hearst agreed to buy Disney's 50% stake in A+E Global Media for about $1.2B in cash, which would give Hearst full ownership of the cable network business. Disney recorded an $812M impairment on the stake in its fiscal Q3 2026 results. Disney said it expects the sale to close by the end of fiscal 2026, subject to regulatory approvals and other conditions.

• Price about $1.2B, all cash, for Disney's 50% stake
• Buyer is Hearst; A+E brands include A&E, Lifetime, History and LMN
• Disney booked an $812M impairment on the stake in fiscal Q3
• Closing expected by the end of fiscal 2026, subject to approvals