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Bloomberg

Vice Media Says It Will Remain Independent

Oct 9, 2014  •  Post A Comment

Online media service Vice Media Chief Executive Shane Smith said the service plans to remain independent and won’t seek a buyer in the short term, reports Bloomberg.

After raising $500 million in funding, the service will expand into mobile devices and create more shows, Smith told the publication.

“We’re not selling anytime soon,” he said.

Vice was in talks during the summer with Time Warner, which would have included a role for the service within its HLN cable network. Those discussions ended, but Vice is still seeking a larger entrance into traditional TV, the piece adds.

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