MEDIA

Vice Media Finalizing Deal With A&E Networks

The Vice Media Inc. application (app) is displayed on an Apple Inc. iPhone 5s for an arranged photograph in Washington, D.C.,
The Vice Media Inc. application (app) is displayed on an Apple Inc. iPhone 5s for an arranged photograph in Washington, D.C., U.S., on Monday, Aug. 11, 2014. Vice Media, backed by billionaire Rupert Murdoch, has said that it's poised to double revenue to $1 billion by 2016. Co-founder Shane Smith had said a March interview with Bloomberg Television that Vice Media may pursue an initial public offering. Photographer: Andrew Harrer/Bloomberg via Getty Images

Vice Media is finalising the sale of a 10 per cent stake to A&E Networks, the cable television group jointly owned by Walt Disney and Hearst Corporation, in a deal valuing the digital media company at $2.5bn.

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