The NY Times is reporting that Time Warner has ended negotiations to buy a major stake in Vice Media, according to a person briefed on the discussions.
The two companies started talking in June about the possibility of a joint venture. One scenario included Time Warner’s giving Vice control of the cable channel HLN, which would have provided Vice with a 24-hour network that reaches more than 100 million households.
The conversations collapsed after the two companies were unable to agree on a valuation of Vice, a fast-growing media business with a strong following among millennials.
A spokesman for Vice was not immediately available for comment.