Vice Media, the once-buzzy and still-unprofitable digital media giant, has reportedly raised $250 million in debt funding.The round was led by 23 Capital and also included participation from Soros Fund Management (the investment fund run by progressive philanthropist George Soros), Fortress Investment Group, and Monroe Capital.
nancy dubuc
- HBO Cancels ‘Vice News Tonight’, As Vice’s News EVP Josh Tyrangiel Departs Company
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After Streamlining Web Presence, Vice Reportedly Raises $250 Million In Debt Funding
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Vice To Cut 10% Of Workforce, Becoming Latest Digital Giant Hit By Layoffs
Days after a round of layoffs at BuzzFeed rocked the digital media industry, Vice is following suit, cutting 10% of its staff amid a company-wide reorganization. The layoffs will affect 250 employees in all departments, and at every level.
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Vice To Reduce Staff By 15%, Slash Number Of Content Verticals In Half Over Next Year
Amid roughly flat revenues of $625 million in 2018, Vice will seek to reduce its overall headcount by 15% over the next year, and also slash the number of its digital brands in half.
- Vice To Launch Award Show Celebrating “People Changing The World”
- Vice CEO Shane Smith To Be Replaced By Former A&E Chief Nancy Dubuc (Report)
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