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Reports: A+E Close to Launching Vice Network

Online media company Vice Media will look to move into the cable space with a new linear cable channel courtesy of A+E Networks, according to various published reports.

Vice Media, in which A+E invested $250 million last year, is expected to take over A+E’s H2 service in 2016, according to The Wall Street Journal. As part of the deal, Disney – which owns A+E Networks along with Hearst Corp. – will also invest in the channel, according to reports.

The deal would give A+E Networks a millennial-targeted service in Vice to complement its networks that skew older including Lifetime, A&E and History. The Journal reports than an announcement could come as early as Tuesday.

Representatives from A+E Networks could not be reached for comment.