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Disney sells its last big cable stake to Hearst for $1.2bn
Disney has closed a $1.2bn deal handing Hearst full control of A+E Global Media, the owner of History and Lifetime, as it retreats from linear television.
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variety.com
Hearst Clinches Deal to Buy Out A+E Global Media Stake From Disney
Hearst has set an agreement to buy 50% of A+E Global Media from Disney in a deal that brings the company back into national media in a big way.
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hollywoodreporter.com
Disney Sells Its Stake in A+E to Hearst for $1.2 Billion
The two companies had been equal partners in the joint venture, going back decades.
