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Despite his 26 years in a traditional media job, ultimately rising to CEO of what was then Viacom, Tom Freston had no interest in writing a traditional business book. Instead, Unplugged: Adventures From MTV to Timbuktu, published by Gallery Books, is a story of one former mogul’s adventures around the world. “Most people who are…
After weeks of speculation, Vice Media filed for Chapter 11 bankruptcy protection Monday to smooth a sale of the company. Bloomberg reported that 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…
“Vice Media hires financial advisor for sale: report” Vice Media, the Brooklyn-based digital media company founded by Shane Smith, has hired bankers to put the company up for sale, according to a report. Several buyers have expressed “preliminary interest” in buying Vice outright, CNBC reported late Monday. Vice, which is saddled with outstanding debt and…
“#Vice raises $135M as SPAC plans sputter” Vice Media said Thursday that it raised $135 million from existing investors, as the company’s plans to go public through a merger with a special purpose acquisition company stalled. The Brooklyn-based media company, which was founded by larger-than-life exec Shane Smith, said the cash infusion will be used…
“#Vice Media faces uncertain future after SPAC talks fall through” The once bright star of Vice Media could now face a darkening future after talks to go public through a special acquisition company fell through. The Brooklyn-based media company that was founded by the bombastic exec Shane Smith, has ended talks to go public via…
“#Vice begins a new round of layoffs as company shifts to video” Vice Media quietly enacted a new round of layoffs Thursday, as the Brooklyn-based gonzo news company continued to shift its focus toward video content. A memo from Vice’s chief digital officer Cory Haik that was peppered with corporate-speak heralded the “growth period” of…
“#Vice Media’s value reportedly halved to less than $3B in SPAC deal” Vice’s sky-high market valuation of nearly $6 billion reportedly has been cut in half as the millennial-focused new media company prepares to go public later this year. Founded by gonzo journalist Shane Smith, the Brooklyn-based firm is eyeing an initial public offering through…