Disney is getting ready to shed its ownership stake in A+E Global Media, the cable-focused programmer it has owned jointly with Hearst for more than a decade. Disney will sell its 50% stake in A+E Global Media (formerly known as A+E Networks) to Hearst, in a transaction valued at over $1 billion, a source familiar with the plans confirmed. During the quarter, the media company took a $147 million charge for an impairment of its investment in A+E Global Media. Its assets also encompass content units A+E Studios, A+E Factual Studio, A&E IndieFilms, A+E Global Media Digital as well as streaming apps including subscription-video services including Lifetime Movie Club, Crime 360 and History Vault. In 2012, NBCU sold its 15.8% stake in A&E Networks to Disney and Hearst.