Disney Selling A+E Global Media Stake To Hearst In Billion-Dollar Deal

Disney is shedding a linear asset, selling its 50% stake in A+E Global Media, Deadline has confirmed. The deal, believed to worth north of a $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…