21st Century Fox will keep Vice Media stake
We just reported that Time Warner is said to be in talks to buy a major stake in Vice Media, the global youth media company. In one potential deal, Time Warner could “inject” cable news network HLN into Vice in return for about half of the enlarged company. A deal could value Vice at more than $2 billion. Rupert Murdoch made an investment to acquire a 5% stake ($70 million) in Vice last August for the 21st Century Fox portion of the then-newly split News Corporation. Now, 21st Century Fox reportedly has no plans to exit Vice.