A+E Networks Eyeing 10% Stake In Vice

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A+E Networks is close to completing the acquisition of a 10% stake in online news producer Vice Media for $250 million, according to a source close to the situation.

Vice had previously been in talks with Time Warner. The deal would value Vice Media at $2.5 billion.

For AETN, Vice offers a source of content aimed at young men that would be very compatible with A+E's successful History Channel. Vice and History will be able to exchange programming and engage in cross-promotional activity.

Read more at B&Chere.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.