Vice Media raises $250m from investors
May 7, 2019
Vice Media, the millennial-skewed digital media group, has raised $250 million (€223.4m) in debt from a group of investors – led by 23 Capital and also including Fortress Investment Group and Monroe Capital – according to reports that originated in The WSJ.
In February Vice Media announced it was shrinking its workforce by around 250 people, and has since been seeking to boost its capital.
VIce Media CEO Nancy Dubuc is said to be focused on making the Canana-based company profitable by creating less digital media and investing more on television, movie, and branded content