Disney is preparing to sell its 50% ownership stake in A+E Global Media to Hearst, according to multiple reports. The stake has been co-owned by Disney and Hearst for more than a decade and relates to the cable programmer A+E Global Media, previously known as A+E Networks. Deadline and Variety both report that the transaction is valued at more than $1 billion, with Deadline describing the deal as all-cash and expected to be finalized. The reports say the announcement is expected to occur around Disney’s upcoming earnings call next week. While the outlets characterize the deal size in similar terms, they do not provide detailed terms such as timing beyond the expectation for a near-term disclosure, nor do they break down how the proceeds will be used. The reporting indicates the matter is in advanced stages, with information about the pending transaction reportedly shared ahead of the formal announcement. No additional information on regulatory reviews, closing conditions, or impacts on the companies’ existing programming or joint operations is included in the cited summaries.