Vice Media, once the darling of ‘new media’, says it will be laying off “hundreds” of staff. The news and broadcast site is also ceasing activity on its Vice website. Vice filed for Chapter 11 bankruptcy last year and was acquired by Fortress Investment Group. New York-based Vice was once valued at $5.7 billion back […]
Vice Media, the digital media and broadcasting company, has completed its sale to a group of former lenders led by Fortress Investment Group, Soros Fund Management and Monroe Capital. The sale was announced back in June and is valued at $350 million (€318.9m). A company statement read: “We are very pleased to complete the acquisition […]
To map the ever-changing European audiovisual sector the European Audiovisual Observatory, part of the Council of Europe in Strasbourg, has published the latest edition of its annual report on TV channels and on-demand services in Europe. The report – Audiovisual Media Services in Europe – was authored by Dr Agnes Schneeberger, Analyst within the Observatory’s […]
A group of Vice’s lenders led by Fortress Investment Group looks set to take over Vice Media after the consortium’s $225 million (€206.9m) offer for the bankrupt company emerged as the only ‘qualified’ bid, according to a legal filing. An auction scheduled for June 22nd was cancelled and a hearing to approve the sale of […]
Vice Media has formally filed for Chapter 11 bankruptcy protection. It is reported that the digital media and broadcasting company will now seek ‘Debtor in Possession’ financing and pursue a sale. The bankruptcy petition, filed at the Southern District of New York court, talks of debts to Fortress Credit of some $475 million (€436.7m), amongst […]
Vice Media Group is preparing to file for bankruptcy. Vice has already closed its Vice News Tonight, amidst a wave of closures including BuzzFeed News. Vice had already put itself up for sale and had interest from five companies, the NYT reports. It adds that in the event of a bankruptcy, Vice’s debt holder Fortress […]
Nancy Dubuc, CEO at Vice Media Group, has announced that she is leaving the media company after 5 years. Dubuc, who was previously CEO of A+E Networks, was appointed Vice Media CEO in March 2018, replacing Vice co-founder Shane Smith who became Executive Chairman. The news of her departure comes as the board has launched […]
Dickies, the workwear brand, has announced a partnership with VICE Media Group, a global multi-platform media company, to commemorate Dickies 100th anniversary with an original documentary, in partnership with creative agency This Here, ‘Made to Last,’ which examines the history and meaning of American grit, culture, and identity through the eyes of a modern rancher, […]
Amagi, a global leader in cloud-based SaaS technology for broadcast and connected TV, has launched the advanced version of its content planning and scheduling platform – Amagi PLANNER. The product, introduced in 2021, makes planning and scheduling of channel programming seamless and cost-effective for digital-first companies. Amagi PLANNER enhancements include flexibility in ad break scheduling, […]
VICE Distribution, the global distribution and licensing arm of VICE Media Group, has announced a new content partnership deal with French media group M6, bringing over 100 hours of VICE content to audiences in France. The partnership will bring more than 100 hours of VICE Media Group programming spanning entertainment, investigative documentary, travel, food and […]