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I'm crossed about the News Corp. buyout of a large portion of the company. On one hand, I think that this could simply be them spotting something that's on the
by antihero 12y ago
I'm crossed about the News Corp. buyout of a large portion of the company. On one hand, I think that this could simply be them spotting something that's on the up, and investing in it, hopefully with a light-handed approach that doesn't involve touching the formula.
The more cynical side of me wonders if Vice going far beyond "mainstream" media and covering important social and international issues is the reason, and News Corp. is grabbing power over it so they can quietly take it's integrity and edge out back and put a bullet into it's skull, because they are a threat to not only the business model, but the very system that News Corp. exists in.
- deleted 12y ago[deleted]
- fleitz 12y agoIt's the nature of things, you can't have edge forever. Just as each day the HN community degrades a little VICE will lose a bit of its edge whether owned by News Corp or not.
- goatforce5 12y agoI think News Corp just likes money and sometimes it uses it's size to exert power of things (and/or governments, whatever...) so that it can make more money.
- IvyMike 12y ago> I'm crossed about the News Corp. buyout of a large portion of the company. Maybe they have increased their stake or something, but the only deal I can find was for 5%. And I wouldn't call 5% a large portion. It certainly seems dubious that they would be able to exert much control at all at that level. http://www.theguardian.com/media/2013/aug/17/rupert-murdoch-vice-magazine-stake http://www.theguardian.com/media/2013/aug/17/rupert-murdoch-...
- prawn 12y agoSurely it'd be cheaper (and work better for internal morale) if News Corpse let its more brilliant employees loose on skunkworks projects? You know, something like 20% time to create something that might become a future success or at least head off some of the upstart competitors?