It is the second big investment in the youth-oriented media company this week
In letter to employees, company also warns of "additional reductions in staffing"
An individual with knowledge of the network's plans tell TheWrap a large portion are expected at the two cable channels
Meanwhile, Vice is still a contender
Is the Magic Kingdom coming to Brooklyn?
Director Cutter Hodierne was named the top filmmaker at this year's festival
Here's the top stuff I learned at our first Branded Entertainment conference in NYC
Smith wants Vice to be the next Time Warner
The media conglomerate is in talks to buy a stake in the company
New seasons will premiere in 2015 and 2016
Google Preferred has a mercantile aspect that encyclopedias lack
Vice CEO Shane Smith: 'Where do we fucking sign?!"
Edgy news magazine will debut its second season next year
The newsmagazine show finds itself in dangerous situations and challenges 'old school journalism'
Vice founder Shane Smith says his company will succeed where Current failed
Weekly news magazine "Vice" will be executive produced by Bill Maher, with Fareed Zakaria serving as consultant