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Story summary
- Hearst agreed to buy Disney's 50% stake in A+E Global Media for $1.2 billion cash.
- The purchase gives Hearst control of the A&E, History, Lifetime and FYI channels.
- The deal should close in September 2026 after a year-long sale process with Wells Fargo.
- Paul Buccieri will stay on as president and chairman of A+E Global Media.
- Hearst CEO Steven R. Swartz said the company will support Buccieri and the A+E brands.
