Vice Media Finalizing Deal With A&E Networks

Vice Media Finalizing Deal With A&E Networks
Open Image Modal
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.

Our 2024 Coverage Needs You

As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.

Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.

to keep our news free for all.

Support HuffPost