It also owns creative ad agency Virtue, lifestyle publisher Refinery29 and TV network Vice TV which is distributed to more than 60 million homes. Its most prized assets now include Vice Studios, which produced Oscar-nominated documentary Flee, and Gangs of London producer Pulse Films. Since the 2018 NYT report, Vice has refocused its efforts towards video under former A+E Networks CEO Nancy Dubuc. One of its other co-founders, Gavin McInnes, was the founder of American far-right neo-fascist organisation the Proud Boys. This led co-founder Shane Smith to move from CEO to a more hands-off executive chairman role. While Vice was once valued at US$5.7 billion, the company has struggled to recover publicly since an NYT feature exposed a culture of male entitlement that included allegations of sexual harrassment. It has been partnered with Vice since 2014, and distributes its programming across Greece, Romania, Serbia, and the Balkans.
The Wall Street Journal also previously reported talks between Vice and Group Black.Īntenna Group, formerly known as ANT1 Group, is the largest Greek media company and has a presence in CEE. He said the digital media business was suffering from inconsistent metrics and a lack of transparency in measurement.Vice Media is reportedly in talks to be acquired by longtime commercial partner Antenna Group.Īccording to reports from Reuters and The New York Times, the company has been exploring sale options since abandoning plans to go public via a merger with 7GC & Co Holdings last year. Launched in 1994, VICE has offices in 35 cities across the globe with a focus on five key businesses:, an award. “Change and evolution are in our DNA, thanks to Papa Shane,” she said gesturing to Smith, who was seated in the audience.Īlso at the event, Dom Delport, Vice’s president of international and chief revenue officer who joined the company a year ago, said the company would exclude traffic from third-party affiliated sites from Vice Media’s overall comScore metrics, effective May 15. VICE Media Group is the world’s largest independent youth media company. Several execs were ousted over sexual harassment allegations, and last month Vice agreed to pay nearly $1.9 million to settle a class-action lawsuit claiming the company routinely paid women employees less than men.Īt the NewFronts presentation this week, Dubuc said she joined Vice about 11 months ago not to provide “adult supervision” but because she was inspired by the vision of Shane Smith, exec chairman and former CEO. A group of neo-Nazis toting swastikas and transphobic signs gathered near a restaurant hosting a drag brunch in Pflugerville, Texas. 47 of employees would recommend working at Vice Media to a friend and 19 have a positive outlook for the business. It outlined the plans at its Digital Content NewFronts marketing event Wednesday in New York.ĭubuc took the reins at Vice after the company was accused of fostering a bro culture hostile to women. Vice Media has an overall rating of 3.3 out of 5, based on over 714 reviews left anonymously by employees. On Tuesday, the Edmonton Police Service (EPS) shared a computer generated image of a suspect they created with DNA phenotyping, which it used for the first time in hopes. This week, Vice Media announced a strategy shift on the digital front designed to boost audience engagement and advertising: It eliminated separate web “channels” for topic verticals like Vice News, Noisey and Munchies, folding all of its content into. Vice previously raised about $1.4 billion from investors including TPG Capital, which plowed $450 million into the company in the summer of 2017. Since then, its valuation has dropped: Disney disclosed a $157 million write-down on its Vice equity stake last year. The Brooklyn-based youth-culture company, launched 25 years ago as a punk-culture magazine in Montreal, was valued at $5.7 billion less than two years ago.
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