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

Hearst is taking full ownership of the television and content business A+E Global Media by acquiring Disney's 50% stake for approximately $1.2 billion in cash. The deal is expected to close in September, making A+E a wholly owned Hearst business within its entertainment group.

Disney's departure from the 50-50 venture with Hearst is part of its strategic shift to prioritize its streaming services and ESPN. The company is also evaluating the role of its traditional linear TV assets amidst declining cable subscriptions.

A+E, which previously operated as a joint venture, includes television brands such as A&E, Lifetime, The History Channel, LMN, FYI, and Vice TV. It boasts a significant global reach, connecting with over 414 million households across 200 territories and 40 languages.

Paul Buccieri, A+E's president and chairman, stated that the company will continue to expand its content business across various platforms and international markets. Hearst CEO Steven Swartz expressed enthusiasm for supporting Buccieri and the A+E leadership team in creating compelling programs and innovating with the popular History, Lifetime, and A&E brands.

Hearst, which also holds an 18% stake in ESPN, has diverse interests including television, newspapers, magazines, financial services, and healthcare information. This acquisition solidifies its position in the media landscape.

“

We look forward to supporting Paul Buccieri and A+E Global Media's leadership team as they continue to make must-see programs and innovate around the great History, Lifetime and A&E brands.