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
Vice founder Shane Smith says his company will succeed where Current failed
YouTube is doubling down on its $100 million investment in original programming and partnering on new channels with Grantland, Vice and Adam Carolla
Vice will expand into scripted programming and look to boost its film marketing division
Weekly news magazine "Vice" will be executive produced by Bill Maher, with Fareed Zakaria serving as consultant
"Worldwide Leader in News" taps irreverent media company for video content