Time Warner Ends Talks for Vice Stake
The dream of Vice Media taking over a cable news channel — specifically HLN — is being put on hold, for now.
Time Warner has ended negotiations with Vice over buying a stake in the millennial media company, according to The New York Times. A source confirmed the report to The Hollywood Reporter.
A report on June 9 from Sky News kickstarted the latest round of speculation that Time Warner would buy a stake in Vice and rebrand HLN as a Vice cable news channel.
Vice co-founder and CEO Shane Smith has been aggressive in outlining the company's expansion plan across multiple platforms, including growing its online video news reporting output.
Time Warner execs also recently held talks with Glenn Beck's The Blaze over purchasing a stake, though those talks ended as well, The Wall Street Journal reported on Aug. 22. At the time, a source told THR that financial details held up that deal.
A Time Warner rep declined to comment to THR on the Times report. A Vice rep couldn't immediately be reached for comment.
Aug. 29, 10:42 a.m. Updated with confirmation, additional information added.
Georg Szalai contributed to this article.