21st Century Fox's 5% investment in Vice Media "effectively values the company at $1.4 billion," according to The Atlantic Wire. "For a sense of scale: John Henry
paid $70 million for the Boston Globe two weeks ago, and Amazon's Jeff
Bezos
paid $250 million for The Washington Post several days
later. To buy
Vice, which was founded as a Canadian music magazine in 1994, you'd have to pony up more than triple the cost of both newspapers combined."
Read the whole story at The Atlantic Wire »
