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Vice Media Chief, Bruce Dixon, has announced plans to lay off several hundred employees and cease content publication on Vice.com, according to an internal memo. The move comes after an unsuccessful attempt by owner Fortress to sell the struggling digital publisher and its associated brands. The company claims to be undergoing a shift towards a "studio model," with affected employees expected to be informed about the next steps early next week. Refinery29, another media brand under Vice's ownership, will continue to operate independently, focusing on diversified digital publishing. Dixon mentioned ongoing discussions about selling Refinery29. "Already in 2024, almost every...

Bankruptcy-bound Vice Media will reportedly be bought out of Chapter 11 by investors who include billionaire George Soros for about $400 million — after the Brooklyn-based company was once valued at nearly $6 billion. The cash-strapped media company has been prepping for the bankruptcy filing after failing to find a buyer over the past year, The Post reported last week. The company’s post-bankruptcy arrangement will be to sell itself to the Soros Fund Management — founded by the 92-year-old left-wing activist — and Fortress Investment Group in a deal that would value the once-high-flying Vice at just $400 million, the...

Vice Media could be saved from bankruptcy by a consortium of investors that includes George Soros's fund and Fortress - already a significant shareholder. The deal would value Vice at $400 million, The Wall Street Journal reported on Friday - a far cry from the $5.7 billion valuation of 2017. On Monday it was reported that the company was preparing to file for bankruptcy, but more than five companies had expressed interest in acquiring it, The New York Times said.

Vice Media Group, the swashbuckling, youth-skewing digital media brand, is preparing to file for bankruptcy. The company, which was valued at $5.7 billion in 2017, is considering the move after struggling to find a buyer, according to reports. It comes after a tumultuous start to the year for the company, which saw Nancy Dubuc exit after five years, replaced by Bruce Dixon and Hozefa Lokhandwala, as well as the departure of Global President of News & Entertainment Jesse Angelo to launch his own production company. Last week, the company underwent the latest in a series of layoffs, streamlining its news...

Vice Media has secured more than $30 million in debt financing from a large investment group, as the media company looks to sell itself despite being millions of dollars in debt. As reported by the Wall Street Journal, Vice is taking financing from Fortress Investment Group, a firm that does business in credit, private equity, and "permanent capital vehicles." The company often invests in railroads and senior living. According to a source of the Wall Street Journal, Vice owes millions of dollars to advisers and vendors, some of whom haven't been paid in over six months. Some of the companies...

The ABC, CBS and NBC evening news shows ignored climate activist James Murdoch using his company to invest millions of dollars in leftist media this year that promote grotesque content. Murdoch invested in at least two media companies through his Lupa Systems company that have a reputation for spewing crazy left-wing talking points. The Hollywood Reporter released a story June 29 that the estranged son of News Corporation Executive Chairman Rupert Murdoch was part of a whopping $75 million fundraising haul by the leftist digital media firm Brut. The French company, which reportedly makes “‘socially conscious’ news,” posts leftist extremist...

In the days after President Trump was elected, some women saw his victory as reason to worry: Would he fulfill his campaign promise to repeal the Affordable Care Act? And if so, would it eventually become harder and costlier to obtain birth control? News organizations sounded the alarm: “Get an IUD Before It’s Too Late,” a Daily Beast headline warned. “Here’s Why Everyone Is Saying to Get an IUD Today,” said a New York Magazine piece. In November 2016, Sarah Christopherson, the policy advocacy director at the National Women’s Health Network, told Broadly, a branch of Vice Media, that women...

The cuts, which will impact around 250 people, are part of new CEO Nancy Dubuc's strategic plan to tighten spending and achieve profitability. Vice Media is planning a reorganization that will include laying off about 10 percent of its workforce as the once high-flying startup looks to rein in an unwieldy business that grew quickly during the height of the digital boom. Around 250 jobs are expected to be cut, a company spokeswoman tells The Hollywood Reporter, as the 2,500-person Vice reduces redundancies internationally and reorients to focus on growth areas like film and television production and branded content. All...

The founder of the conservative Proud Boys group has been denied a visa to Australia after he planned a speaking tour of the country that was slated to start on Dec. 5. Gavin McInnes, a Canadian writer and comedian who founded the Proud Boys and co-founded Vice Media and Vice magazine, planned a speaking tour called “The Deplorables” across the country, but may not be able to conduct it after Australia’s Home Affairs Department determined he failed the character test to get a visa. Section 501 of the Migration Act states that visa applicants fail the character test if the...