All articles tagged with #ae global media
Disney will sell its 50% stake in A+E Global Media to Hearst for more than $1 billion in cash, giving Hearst full ownership of A&E Networks (A&E, History, Lifetime, FYI). The deal, expected to be announced at Disney’s earnings call, would have A+E President Paul Buccieri continue leading the venture under Hearst. The sale underscores Disney’s ongoing shift away from traditional linear TV, even as ESPN remains a joint venture.
Disney and Hearst are exploring the potential sale of A+E Global Media, which owns cable networks like A&E, History, and Lifetime, amid industry shifts away from traditional linear TV. The move reflects broader industry trends of spinning off cable assets as viewership declines and streaming rises. The sale may not necessarily happen if terms are unfavorable, and other media companies are also considering or executing similar spinoffs. Disney's linear assets remain valuable but are increasingly seen as non-core in a changing media landscape.