/// Meet Vice Media Boss Shane Smith, Rupert Murdoch’s "Wild" New Pal
Move over, David Karp — you’re not the only Williamsburg dude with a billion-dollar new-media company anymore . A new investment from Rupert Murdoch values Shane Smith’s Vice Media, the edgy-but-not- too -edgy media conglomerate, at $1.4 billion. As the Financial Times reported yesterday, Murdoch’s 21st Century Fox now owns a five percent stake in Vice, which does everything from magazines to Web series to HBO series. The funding caused a little ripple among media folks, some of whom made the requisite comparisons to the New York Times (market cap: $1.7 billion) and the Washington Post (a mere $250 million). But, in retrospect, this one shouldn’t be surprising.
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Meet Vice Media Boss Shane Smith, Rupert Murdoch’s "Wild" New Pal
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