Time Warner is in advanced negotiations to acquire half of Vice Media for $1.1 billion, according to Sky News.
In one scenario being discussed, Time Warner would merge Vice with one of its news-oriented cable networks, HLN.
21st Century Fox already is an investor in the digital media company, last August injecting $70 million in the Brooklyn-based firm.
Vice was founded as a print magazine by Shane Smith in 1994 in Montreal.
On Tuesday afternoon at 4:15 p.m., Smith and Firefly 3’s Tom Freston, one of Vice’s main backers, will be interviewed by the New York Times’ David Carr onstage at The Conference 2014 at Manhattan’s New York Hilton.
Brief Take: Assuming this deal goes through, it demonstrates the growing power of Internet video as well as how attractive it is to traditional media companies.
Tags: