Disney exits A+E as media conglomerate Hearst gains full ownership in $1.2 billion deal

Hearst has acquired Disney's 50% stake in A+E Global Media for approximately $1.2 billion, gaining full ownership of the television and content business.

Privately held U.S. media conglomerate Hearst ​on Tuesday struck a ​deal to acquire Disney's ‌50% stake in ​A+E Global Media for about $1.2 billion in cash, giving it full ownership of the television ‌and content business.

Disney's exit from A+E follows the company's efforts to prioritize streaming and ESPN, even as it evaluates the role of some traditional ‌linear TV assets amid declining cable subscriptions.