Vice Media
Shane Smith and the Final Collapse of Vice News
Just weeks after the company he founded entered Chapter 11 bankruptcy last May, Shane Smith jetted to the French Riviera. But this wasn’t a vacation for the 54-year-old flamboyant former Vice CEO to drown his sorrows. Smith landed in Cannes on a mission to save the media company that he had started as a scrappy […]
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Vice News’ Top Editor Tells Staff He Doesn’t Know if Flagship Website Will Shutter
Hours after multiple staffers expressed concern that Vice Media was considering shuttering or gutting its flagship news website following the brand’s sale to a consortium of its former bankruptcy lenders, the CEO of the company weighed in with a memo (below) detailing sweeping change. Vice Media chief Bruce Dixon confirmed that “several hundred” staffers would be […]
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Vice Media Group Co-CEO Hozefa Lokhandwala Steps Down
Hozefa Lokhandwala will step down as co-CEO of Vice Media Group. In a memo sent to employees Thursday, and obtained by The Hollywood Reporter, Lokhandwala said he was leaving the company to start his “next chapter.” Bruce Dixon, formerly the co-CEO alongside Lokhandwala, will be the sole CEO. “We are at a moment in time […]
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Vice Media Set to Be Acquired Out of Bankruptcy By Fortress-Led Group of Buyers
A group of buyers led by Fortress Investment Group has been designated the winning bidder in the bankruptcy sale of Vice Media, after pledging $225 million, according to court documents filed Thursday. A court hearing to approve the bid has been scheduled for Friday in the United States Bankruptcy Court for the Southern District of […]
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Vice Media Bankruptcy: CNN, HBO, A&E Networks Among Creditors List
As Vice Media, the brash company that once had ambitions of replacing legacy news giants, files for bankruptcy protection, with $834 million in debt obligations, its finances are coming into focus. While its largest creditors include Fortress Investment Group (with a $474.6 million claim), there’s several media companies that are listed as top unsecured creditors […]
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Vice Media Files for Bankruptcy
After weeks of speculation, Vice Media filed for Chapter 11 bankruptcy protection Monday to smooth a sale of the company. In a statement, Vice listed both assets and liabilities in the range of more than $500 million to as much as $1 billion in a Chapter 11 petition filed in a New York court. Bloomberg […]
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Vice Pacts With Tubi for 8 Original Documentaries
Fox’s Tubi has signed an exclusive content deal with Vice Media Group for eight new Tubi Original documentaries. The first, The Cult of Elon, about Tesla founder and controversial Twitter owner Elon Musk, will debut on the free, ad-supported streaming platform on April 24. The second documentary, Vigilante Inc., a look at the rise of […]
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Jesse Angelo Departs Vice Media to Launch New Venture
Jesse Angelo, global president of news & entertainment at Vice Media Group, announced Wednesday that he will be leaving the company, in the second big exit in recent weeks. Angelo, who has served in this position since 2019, is departing to form his own company, Checker Media, which will develop and fund original intellectual property […]
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Nancy Dubuc Departing as Vice Media CEO
Veteran media and TV executive Nancy Dubuc will step down as CEO of Vice Media, The Hollywood Reporter has confirmed. Dubuc informed Vice employees of her decision in a memo Friday morning. Dubuc has led Vice since 2018, when she succeeded Vice co-founder Shane Smith in an effort to professionalize and grow the media company. […]
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Vice Expands in Saudi Arabia Via Deal With Media Giant MBC
The Vice Media Group is expanding its business in Saudi Arabia and has signed a deal to produce content for MBC Group, the Saudi-owned Middle East giant with the largest media operation in the region. Unveiled on Wednesday, the deal — which was first rumored last year (The New York Times said it was potentially worth […]
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Hollywood’s Deal Dilemma for 2023: Go Big or Wait Out the Downturn?
This December, the general mood on Wall Street is that next year will not see an explosion of major transactions along the lines of the ones that created Warner Bros. Discovery (WBD), Paramount Global or Disney’s takeover of large parts of 21st Century Fox assets. After all, companies like the David Zaslav-led WBD are still […]
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FTX’s Sam Bankman-Fried Getting Doc Treatment From Vice Media, The Information (Exclusive)
The blowup of crypto exchange FTX and the fall from grace of its founder Sam Bankman-Fried (also known as SBF) is going to be the subject of a new documentary feature in the works from Vice Media and the tech business publication The Information. The doc, SBF and the End of Silicon Valley, will be […]
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