Disney Selling A+E Global Media Stake To Hearst In Billion-Dollar Deal
Disney Selling A+E Global Media Stake To Hearst In Billion-Dollar Deal
admin 1 day agoDisney is shedding a linear asset, selling its 50% stake in A+E Global Media to co-owner Hearst Communications, Deadline has learned.
The deal, believed to be worth north of $1 billion and all-cash, is being finalized and is expected to be revealed at Disney’s earnings call next week. Word of the pending announcement was tweeted by analyst Rich Greenfield Thursday.
A+E Global Media’s President & Chairman Paul Buccieri is poised to continue to lead the company following the transaction under Hearst CEO Steven R. Swartz, I hear.
A+E Global Media, parent of long-established cable networks A&E, the History and Lifetime suite of channels and FYI, is a 50-50 venture between Disney and Hearst Communications. The two companies a year ago retained...
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The deal, believed to be worth north of $1 billion and all-cash, is being finalized and is expected to be revealed at Disney’s earnings call next week. Word of the pending announcement was tweeted by analyst Rich Greenfield Thursday.
A+E Global Media’s President & Chairman Paul Buccieri is poised to continue to lead the company following the transaction under Hearst CEO Steven R. Swartz, I hear.
A+E Global Media, parent of long-established cable networks A&E, the History and Lifetime suite of channels and FYI, is a 50-50 venture between Disney and Hearst Communications. The two companies a year ago retained...
➤➤➤ SEE MORE
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