That same year, in its own bit of consolidation, it acquired female focused Refinery29. In 2019, Vice streamlined many of its digital brands, including Vice News and Motherboard, into. Carr later wrote a column praising the network’s commitment to hard news. Carr actually liked the doc but not Smith’s jabs at the NYT’s own coverage. “Just because you put on a fucking safari helmet and looked at some poop, doesn’t give you the right to insult what we do,” Carr snapped on video, referring to The Vice Guide to Liberia on CNN. In 2011, late NYT media writer David Carr famously got into it with Vice’s dynamic but outspoken co-founder and former CEO Shane Smith. Vice News has had its share of detractors. Vice’s 2017 Charlottesville: Race and Terror, an account of the white nationalists supporters occupying Charlottesville’s Emancipation Park to protest the removal of Confederate monuments, also won a Peabody. Vice just nabbed a Peabody Award, for Vice on Showtime: Losing Ground, which looks at a questionable legal mechanism by which African Americans have lost their property to developers, while it has continued to make a name with unusual reporting including from war zones like Gaza and the Central African Republic. Among the recent headlines: “AOC’s Sick Grandma Isn’t Off-Limits for MTG and Lauren Boebert” and “Haunting Photos of the Canadian Village That Burned Down After Record Heat.” In a recent interview with Deadline, Vice Media Group CEO Nancy Dubuc not surprisingly focused on the company’s strengths, including an ongoing push to diversify and an award-winning news division that remains true to its mission of a brand tackling topics that in some cases won’t be found anywhere else, or covering them with an unusual take. An insider told Deadline: “Our financing process is still ongoing and we have had positive conversations with a range of investors.” Vice projects revenue this year of about $680 million, from $600 million last year. Holdings with a valuation said to be about $3 billion. It’s talked with several SPACs and the most recent reports – now dating back to May – had it possibly combining with one called 7GC & Co. Vice’s position – private or public – in the evolving landscape has yet to be officially defined. “SPACs are a way for a lot of these companies to take advantage of the capital markets,” he said.
We look forward to completing the sale process in the next two to three months and charting a healthy and successful next chapter at Vice.Vice Media Preparing To File For Bankruptcyīarry Lowenthal, CEO of The Media Kitchen, a media planning and buying agency, said a SPAC deal would be a positive for Vice. “We will have new ownership, a simplified capital structure and the ability to operate without the legacy liabilities that have been burdening our business. "This accelerated court-supervised sale process will strengthen the company and position Vice for long-term growth, thereby safeguarding the kind of authentic journalism and content creation that makes Vice such a trusted brand for young people and such a valued partner to brands, agencies and platforms. "Vice serves a huge global audience with a unique brand of news, entertainment and lifestyle content," Bruce Dixon and Hozefa Lokhandwala, Vice’s co-chief executives, said. It added it expects to receive court approval for these requests. It said it has filed several customary first day motions with the court seeking authorisation to support its operations during the court-supervised sale process, including the continued payment of employee wages and benefits without interruption and payment to vendors and suppliers on normal terms for goods and services provided on or after the filing date.
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