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Hearst Acquires Disney’s 50% Stake in A+E Global Media for $1.2 Billion

Hearst will take full control of A+E Global Media and its A&E, History and Lifetime brands after Disney exits the 1984 joint venture.

  • On Tuesday, Hearst announced it will acquire The Walt Disney Company's 50% interest in A+E Global Media for $1.2 billion in cash, ending the joint venture established in 1984.
  • Founded in 1984 as the Arts and Entertainment Network, A+E Global Media operated as a 50-50 partnership between Disney and Hearst, housing cable brands including The History Channel, Lifetime, and FYI.
  • President and Chairman Paul Buccieri will remain in his role under Hearst CEO Steven Swartz, having diversified operations by adding A+E Studios, which produces the Netflix drama "The Lincoln Lawyer."
  • Disney's exit follows efforts to prioritize streaming and ESPN operations as traditional linear TV viewership declines, while A+E Global Media remains profitable and debt-free under new ownership.
  • Expected to close in September, the acquisition will integrate A+E Global Media into Hearst's entertainment group, consolidating control over a portfolio reaching more than 414 million households across 40 languages.
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Reuters broke the news in London, United Kingdom on Tuesday, August 4, 2026.
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