diff --git a/app/lib/actions/katello/content_view_environment/reassign_objects.rb b/app/lib/actions/katello/content_view_environment/reassign_objects.rb
index 74e0fedf4de..b479b939768 100644
--- a/app/lib/actions/katello/content_view_environment/reassign_objects.rb
+++ b/app/lib/actions/katello/content_view_environment/reassign_objects.rb
@@ -9,7 +9,11 @@ def plan(content_view_environment, options)
             end
 
             content_view_environment.activation_keys.each do |key|
-              plan_action(ActivationKey::Reassign, key, options[:key_content_view_id], options[:key_environment_id])
+              if key.multi_content_view_environment?
+                key.content_view_environments = key.content_view_environments - [content_view_environment]
+              else
+                plan_action(ActivationKey::Reassign, key, options[:key_content_view_id], options[:key_environment_id])
+              end
             end
           end
         end
diff --git a/webpack/scenes/ContentViews/Details/Versions/Delete/RemoveSteps/CVReassignActivationKeysForm.js b/webpack/scenes/ContentViews/Details/Versions/Delete/RemoveSteps/CVReassignActivationKeysForm.js
index cffab1454af..e273589571d 100644
--- a/webpack/scenes/ContentViews/Details/Versions/Delete/RemoveSteps/CVReassignActivationKeysForm.js
+++ b/webpack/scenes/ContentViews/Details/Versions/Delete/RemoveSteps/CVReassignActivationKeysForm.js
@@ -1,12 +1,13 @@
 import React, { useState, useContext } from 'react';
 import { useDispatch, useSelector } from 'react-redux';
 import useDeepCompareEffect from 'use-deep-compare-effect';
-import { ExpandableSection, SelectOption } from '@patternfly/react-core';
+import { ExpandableSection, SelectOption, Alert, AlertActionCloseButton } from '@patternfly/react-core';
 import { STATUS } from 'foremanReact/constants';
 import { translate as __ } from 'foremanReact/common/I18n';
 import EnvironmentPaths from '../../../../components/EnvironmentPaths/EnvironmentPaths';
 import getContentViews from '../../../../ContentViewsActions';
 import { selectContentViewError, selectContentViews, selectContentViewStatus } from '../../../../ContentViewSelectors';
+import { selectCVActivationKeys } from '../../../ContentViewDetailSelectors';
 import AffectedActivationKeys from '../affectedActivationKeys';
 import DeleteContext from '../DeleteContext';
 import ContentViewSelect from '../../../../components/ContentViewSelect/ContentViewSelect';
@@ -17,7 +18,9 @@ const CVReassignActivationKeysForm = () => {
   const contentViewsInEnvResponse = useSelector(selectContentViews);
   const contentViewsInEnvStatus = useSelector(selectContentViewStatus);
   const contentViewsInEnvError = useSelector(selectContentViewError);
+  const activationKeysResponse = useSelector(selectCVActivationKeys);
   const cvInEnvLoading = contentViewsInEnvStatus === STATUS.PENDING;
+  const [alertDismissed, setAlertDismissed] = useState(false);
   const [cvSelectOpen, setCVSelectOpen] = useState(false);
   const [cvSelectOptions, setCvSelectionOptions] = useState([]);
   const [showActivationKeys, setShowActivationKeys] = useState(false);
@@ -72,6 +75,9 @@ const CVReassignActivationKeysForm = () => {
     contentViewsInEnvError, selectedEnvForAK, setSelectedCVForAK, setSelectedCVNameForAK,
     cvInEnvLoading, selectedCVForAK, cvId, versionEnvironments, selectedEnvSet]);
 
+  const multiCVWarning = activationKeysResponse?.results?.some?.(key =>
+    key.multi_content_view_environment);
+
   const fetchSelectedCVName = (id) => {
     const { results } = contentViewsInEnvResponse ?? { };
     return results.filter(cv => cv.id === id)[0]?.name;
@@ -102,8 +108,21 @@ const CVReassignActivationKeysForm = () => {
     cvSelectOptions,
   });
 
+  const multiCVRemovalInfo = __('This environment is used in one or more multi-environment activation keys. The environment will simply be removed from the multi-environment keys. The content view and lifecycle environment you select here will only apply to single-environment activation keys. See hammer activation-key --help for more details.');
+
   return (
     <>
+      {!alertDismissed && multiCVWarning && (
+        <Alert
+          ouiaId="multi-cv-warning-alert"
+          variant="warning"
+          isInline
+          title={__('Warning')}
+          actionClose={<AlertActionCloseButton onClose={() => setAlertDismissed(true)} />}
+        >
+          <p>{multiCVRemovalInfo}</p>
+        </Alert>
+      )}
       <EnvironmentPaths
         userCheckedItems={selectedEnvForAK}
         setUserCheckedItems={setSelectedEnvForAK}
diff --git a/webpack/scenes/ContentViews/Details/Versions/Delete/RemoveSteps/CVVersionRemoveReview.js b/webpack/scenes/ContentViews/Details/Versions/Delete/RemoveSteps/CVVersionRemoveReview.js
index 31c13fbc9bb..4726fd3f6dd 100644
--- a/webpack/scenes/ContentViews/Details/Versions/Delete/RemoveSteps/CVVersionRemoveReview.js
+++ b/webpack/scenes/ContentViews/Details/Versions/Delete/RemoveSteps/CVVersionRemoveReview.js
@@ -18,12 +18,17 @@ const CVVersionRemoveReview = () => {
   const activationKeysResponse = useSelector(state => selectCVActivationKeys(state, cvId));
   const hostsResponse = useSelector(state => selectCVHosts(state, cvId));
   const { results: hostResponse } = hostsResponse;
-  const { results: akResponse } = activationKeysResponse;
+  const { results: akResponse = [] } = activationKeysResponse || {};
   const selectedEnv = versionEnvironments.filter(env => selectedEnvSet.has(env.id));
   const versionDeleteInfo = __(`Version ${versionNameToRemove} will be deleted from all environments. It will no longer be available for promotion.`);
   const removalNotice = __(`Version ${versionNameToRemove} will be removed from the environments listed below, and will remain available for later promotion. ` +
     'Changes listed below will be effective after clicking Remove.');
 
+  const multiCVActivationKeys = akResponse.filter(key => key.multi_content_view_environment);
+  const multiCVActivationKeysCount = multiCVActivationKeys.length;
+
+  const singleCVActivationKeysCount = akResponse.length - multiCVActivationKeysCount;
+
   return (
     <>
       <WizardHeader title={__('Review details')} />
@@ -62,11 +67,23 @@ const CVVersionRemoveReview = () => {
       {affectedActivationKeys &&
         <>
           <h3>{__('Activation keys')}</h3>
-          <Flex>
-            <FlexItem><ExclamationTriangleIcon /></FlexItem>
-            <FlexItem><p>{__(`${pluralize(akResponse.length, 'activation key')} will be moved to content view ${selectedCVNameForAK} in `)}</p></FlexItem>
-            <FlexItem><Label isTruncated color="purple" href={`/lifecycle_environments/${selectedEnvForAK[0].id}`}>{selectedEnvForAK[0].name}</Label></FlexItem>
-          </Flex>
+          {singleCVActivationKeysCount > 0 && (
+            <Flex>
+              <FlexItem><ExclamationTriangleIcon /></FlexItem>
+              <FlexItem><p>{__(`${pluralize(singleCVActivationKeysCount, 'activation key')} will be moved to content view ${selectedCVNameForAK} in `)}</p></FlexItem>
+              <FlexItem><Label isTruncated color="purple" href={`/lifecycle_environments/${selectedEnvForAK[0].id}`}>{selectedEnvForAK[0].name}</Label></FlexItem>
+            </Flex>
+          )}
+          {multiCVActivationKeysCount > 0 && (
+            <Flex>
+              <FlexItem><ExclamationTriangleIcon /></FlexItem>
+              <FlexItem>
+                <p>
+                  {__(`Content view environment will be removed from ${pluralize(multiCVActivationKeysCount, 'multi-environment activation key')}.`)}
+                </p>
+              </FlexItem>
+            </Flex>
+          )}
         </>}
     </>
   );
diff --git a/webpack/scenes/ContentViews/Details/Versions/Delete/affectedActivationKeys.js b/webpack/scenes/ContentViews/Details/Versions/Delete/affectedActivationKeys.js
index 02af9570e24..a08960f6e43 100644
--- a/webpack/scenes/ContentViews/Details/Versions/Delete/affectedActivationKeys.js
+++ b/webpack/scenes/ContentViews/Details/Versions/Delete/affectedActivationKeys.js
@@ -35,6 +35,7 @@ const AffectedActivationKeys = ({
   const columnHeaders = [
     __('Name'),
     __('Environment'),
+    __('Multi Content View Environment'),
   ];
   const emptyContentTitle = __('No matching activation keys found.');
   const emptyContentBody = __("Given criteria doesn't match any activation keys. Try changing your rule.");
@@ -65,12 +66,15 @@ const AffectedActivationKeys = ({
         </Tr>
       </Thead>
       <Tbody>
-        {results?.map(({ name, id, environment }) => (
+        {results?.map(({
+          name, id, environment, multi_content_view_environment: multiContentViewEnvironment,
+        }) => (
           <Tr ouiaId={id} key={id}>
             <Td>
               <a rel="noreferrer" target="_blank" href={urlBuilder(`activation_keys/${id}`, '')}>{name}</a>
             </Td>
             <Td><EnvironmentLabels environments={environment} /></Td>
+            <Td>{ multiContentViewEnvironment ? 'Yes' : 'No' }</Td>
           </Tr>
         ))
         }