Morning Media Newsfeed: Vice Sells Stake to A&E | Chelsea Clinton Leaves NBC News

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Vice Media Stakes Future on A&E Networks Deal (NYT)
After spending the summer flirting with various suitors, Vice Media said on Friday that it was close to choosing a partner: A&E Networks. TVNewser The investment was announced after Time Warner ended its negotiations with Vice Media. The talks, which had been going on for months, included a plan to spin off Time Warner’s HLN network and refashion it into a Vice channel. The Brooklyn-based media company includes a magazine, book publishing, a massive online presence and gritty, global documentaries which are carried on Time Warner’s HBO. WSJ A&E Networks is nearing an agreement to buy 10 percent of Vice Media for $250 million, in a deal that would value the youth-focused online media company at $2.5 billion, according to people familiar with the matter. Financial Times Last year, Vice sold a 5 percent stake to Rupert Murdoch’s 21st Century Fox for $70 million, which then valued it at $1.4 billion. THR Vice CEO Shane Smith, who co-founded the company 20 years ago, has long wanted to expand into traditional TV. A&E, led by Nancy Dubuc, is a co-venture of Hearst Corp. and Disney/ABC Television Group.

Chelsea Clinton Is Leaving NBC News (People)
After not quite three years as a special correspondent for NBC News — and with just a little while until she and husband Marc Mezvinsky are expected to become parents — Chelsea Clinton is now leaving that position “to continue focusing on my work at the Clinton Foundation and as Marc and I look forward to welcoming our first child.” TVNewser Clinton joined NBC News in 2011 on a short-term contract to report “Making A Difference” stories for NBC Nightly News. She extended the contract in the spring of 2012 and also began reporting for Rock Center. FishbowlDC And with her departure, Clinton does not close the door to future opportunities with the peacock network. “While my role with NBC News may be coming to an end, I look forward to working with the NBC family well into the future,” she said. NYT Clinton’s tenure at the news outlet was not a smooth one, less because of her feel-good reports than because a media-shy first daughter was hired as a television journalist earning a six-figure salary. (In 2009, NBC News hired Jenna Bush Hager, a daughter of former President George W. Bush, as a special correspondent for the Today show, drawing similar criticism.)

Rona Fairhead Set to Be BBC Trust Chairwoman (BBC News)
Rona Fairhead, ex-head of the Financial Times Group, is poised to become the new chairwoman of the BBC Trust. Culture secretary Sajid Javid said Fairhead was the preferred candidate to replace Lord Patten, who quit in May. Financial Times Fairhead is expected to be confirmed in the high-profile role overseeing the U.K.’s largest broadcaster in the coming weeks, following hearings by the culture, media and sport select committee. The Guardian / The Observer Fairhead, who sits on the boards of a number of blue-chip companies and was made a British business ambassador by the prime minister, may not be the well-known name some had been expecting. Lord Coe, the Conservative peer and chairman of the London 2012 Olympics organizing committee, had been considered a shoo-in for the role but declined it, saying he did “not have the capacity.” Variety Fairhead is an independent non-executive director of HSBC Holdings and non-executive chairman of HSBC North America Holdings. She is also a non-executive director of PepsiCo. She served as chairman and CEO of the Financial Times Group for seven years until 2013, and as non-executive director of The Economist Group from 2006 to 2014. She was an executive director of their owners, Pearson, from 2002 to 2013, serving as Pearson’s chief financial officer from 2002 to 2006. Fairhead will appear in front of the U.K. Parliament’s Media Select Committee on Sept. 9, and it will make a recommendation to Javid regarding the appointment, but he will make the final decision.