DIS · 8-K · 20260805PR000056

A+E Divestiture

Walt Disney Co · 2026-08-05 · Importance 59 · Surprise 60 · In source text

Disney agreed in July 2026 to sell its 50% interest in A+E Global Media to an affiliate of co-owner Hearst Corporation for approximately $1.2 billion in cash. Closing is expected by the end of fiscal 2026, subject to customary closing conditions, regulatory approvals, and government consents. Disney recorded an $812 million impairment of its A+E investment in the third quarter, included in restructuring and impairment charges. The A+E impairment and $88 million of severance costs contributed to $900 million of quarterly restructuring and impairment charges, compared with $185 million in the prior-year quarter.

Key facts

• Company entered an agreement in July 2026 to sell its 50% interest in A+E Global Media to an affiliate of Hearst Corporation for approximately $1.2 billion in cash. source
• Closing of the A+E sale is currently expected by the end of fiscal 2026, subject to customary closing conditions, including regulatory approvals and government consents. source
• In the current quarter the Company recorded an impairment of its investment in A+E of $812 million included in Restructuring and impairment charges. source
• The Company recorded an impairment of its investment in A+E of $959 million for the nine-month period included in restructuring and impairment charges. source

Impact estimates