Tuesday, December 16, 2014

Is Vice Media the Coming News Platform?

In a rare but surely not totally unprecedented move for a top lawyer

-- but even noted at Above the Law --

James H. Schwab, see also here,

chairman of the Paul, Weiss law firm media and entertainment group,

is to leave the law firm to join Vice Media as Co-President.

We read about Vice Media at Wikipedia:
"In June 2014, it was reported that Time Warner was negotiating to acquire a minority stake in Vice Media; among the company's plans were to give Vice control over the programming of HLN—a spin-off network of CNN which had recently struggled in its attempts to re-focus itself as a younger-skewing, social media-oriented news service. However, the deal fell through as the companies were unable to agree on a proper valuation,[6] and VICE chose to partner with A&E Networks — a joint venture of Hearst Corporation and The Walt Disney Company, for a 10% minority stake in Vice Media for $250 million, keeping VICE independent."
DealBook at the New York Times has the story at Vice Poaches a Lawyer from Paul, Weiss as Co-President.

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