Disney Expected to Sell 50% Stake in A+E to Hearst for More Than $1 Billion

Disney is getting ready to shed its ownership stake in A+E Global Media, the cable-focused programmer it has owned jointly with Hearst for more than a decade. Disney will sell its 50% stake in A+E Global Media (formerly known as A+E Networks) to Hearst, in a transaction valued at over $1 billion, a source familiar…