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Posts Tagged ‘Vice’

As Time Warner Ends Vice Talks, A&E Plans $250M Stake in Media Company

viceThe New York TimesJonathan Mahler scoops that Time Warner has ended negotiations with Vice Media. The talks, which have been going on for months, included a plan to spin off Time Warner’s HLN network, and refashion it into a Vice channel. The Brooklyn-based media company includes a magazine, book publishing, a massive online presence, and gritty, global documentaries which are carried on Time Warner’s HBO.

The conversations collapsed after the two companies were unable to agree on a valuation of Vice. Last year, 21st Century Fox paid $70 million for a 5 percent stake in the company, valuing the company at more than $1 billion.

In June, Vice co-founder and CEO Shane Smith told the New York Times having a TV network was “the next step in our evolution. Our mobile and online stuff is going to grow exponentially, but we want a three-legged stool, and the third leg is TV.”

A week ago, the Wall Street Journal reported Time Warner had also been in talks with Glenn Beck‘s company about re-branding HLN into TheBlaze TV. But those talks also came to nothing. Earlier this year, under the new leadership of Albie Hecht, HLN intended to become “the home for the social media generation.” Primetime programs include those hosted by Nancy GraceJane Velez-Mitchell, and Dr. Drew Pinsky. Late nights and weekends are made up of true crime stories.

> More: The Financial Times reports Vice is finalizing a deal to sell a 10% stake to A&E Networks for $250 million. A&E is jointly owned by Walt Disney and Hearst. The sale could be announced as early as next week, FT reports.

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Jay Mariotti Leaves FanHouse Via Twitter

Jay Mariotti took to Twitter in order to break his silence after pleading no contest to a misdemeanor domestic violence charge last Thursday, announcing his departure from FanHouse.com.

“Column writing has been a labor of love for 25 years, allowing me to see the world and cover some of the greatest athletes and events in sports,” Mariotti tweeted. “But it’s time to step back from the daily sportswriting grind and focus on my other media ventures, including a book project.”

Mariotti joined FanHouse.com in 2009 after resigning from the Chicago Sun-Times. His last column was published on Aug. 20, one day before his arrest in Venice, Calif.

“I express deep gratitude to AOL for a fun, productive experience,” said Mariotti. “I wish the talented staff at Fanhouse.com nothing but the best in the competitive Internet world.”

According to Sports By Brooks, ESPN has no plans to use Mariotti at this time, which appears to include his morning ESPN Radio show that was in the works with former NBA guard Jalen Rose.