Time Warner may take big stake in edgy Vice Media

Time Warner could be set to buy a big stake in edgy news and media company Vice Media that would value the whole of Vice at more than $2 billion.

Time Warner is in talks to take a big stake in the Brooklyn-based company that made headlines when it took former basketball star Dennis Rodman to North Korea to meet Kim Jong Un, according to news reports.

Vice describes itself as “the world’s leading youth media company” specializing in creating, distributing, and monetizing original content globally.

Vice, founded by chief executive Shane Smith in 1994 as a 'punk zine' magazine, has since grown into a youth media company with bureaus in over 30 countries.