Disney Sells Remaining Major Cable Stake to Hearst in $1.2 Billion Deal
Disney has divested its last major cable-channel holding to Hearst in a $1.2 billion transaction, reshaping ownership of the networks.
Disney has sold its remaining major cable-channel holding to Hearst in a deal valued at $1.2 billion, the company announced. The transaction marks the exit of one of the entertainment industry's legacy conglomerates from a significant slice of the cable television business, with Hearst taking full control of the network at the center of the agreement.
Details of the Transaction
The sale price of $1.2 billion reflects the value Disney placed on unwinding its last large-scale cable investment. By handing the stake to Hearst, Disney reduces its footprint in traditional cable while Hearst expands its portfolio of television holdings. The two companies have not publicly disclosed the specific network involved, but the deal completes a multi-year strategy by Disney to shed cable assets.
Broader Industry Context
The sale comes as media companies continue to recalibrate their holdings in response to the steady migration of viewers from linear cable to streaming services. Disney has been reallocating capital toward its direct-to-consumer platforms, including Disney+, while trimming exposure to advertising-supported cable networks that face shrinking subscriber bases.
- Disney has progressively exited cable partnerships over the past several years.
- Hearst, a privately held media company, gains a full ownership position in the network.
- The deal is part of a wider industry shift toward streaming-first strategies.
What Comes Next
Regulatory review and customary closing conditions will determine when the transaction is finalized. Once completed, the deal allows Disney to free up cash for content investment and further streaming expansion, while giving Hearst a larger platform in the traditional television market. The transaction underscores how legacy media ownership is being reshaped as digital viewing habits continue to redefine the industry.
For related coverage of Disney's evolving media strategy, see our report on Hallmark and Disney's new themed merchandise partnership.