Vice Media
American-Canadian digital media and broadcasting company / From Wikipedia, the free encyclopedia
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Vice Media Group LLC is a Canadian-American digital media and broadcasting company. As of April 2024,[update] Vice Media encompasses four main business areas: Vice Studios Group (film and TV production); Vice TV (a joint venture with A&E Networks, also known as Viceland); Virtue (an agency offering creative services); and Vice Digital (digital content).[2] It was cited as the largest independent youth media company in the world, with 35 offices.[12]
Company type | Joint venture |
---|---|
Industry | Mass media |
Founded | 1994; 30 years ago (1994) |
Founders | |
Fate | Chapter 11 bankruptcy |
Headquarters | |
Key people | Bruce Dixon (CEO)[1] |
Brands | |
Revenue | $125 million (2012)[6] |
Owners |
|
Number of employees | 1,000+[11] |
Website | www |
The original Vice magazine was founded and based in Montreal and co-founded by Suroosh Alvi,[13] Shane Smith, and Gavin McInnes,[14] Developed from the magazine, Vice Media expanded primarily into youth and young adult-focused digital media. This included online content verticals and related web series, a news division, a film production studio, and a record label, among other properties. Vice re-located to New York City in 2001.
Vice News was known for broadcasting news programs on HBO; including the Emmy-winning[15] weekly self-titled documentary series, which premiered in April 2013, and features segments on global issues hosted by co-founders Smith and Alvi, and a rotating cast of correspondents.[16][17] A spin-off, Vice News Tonight, premiered 10 October 2016 and showcased a nightly roundup of global news, technology, the environment, economics, and pop culture while eschewing traditional news anchors.[18][19][20]
On 10 June 2019, HBO announced Vice News Tonight's cancellation, in addition to ending relations with Vice Media, after a seven-year partnership.[21] In August 2019, it was reported that the company was laying off staff as part of a shift towards news that would involve merging Viceland and Vice News.[22] In April 2023, it was announced that Vice Media was restructuring and downsizing its news division.[23][24][25] In May, Vice filed for Chapter 11 bankruptcy[26] and agreed to be acquired by a consortium led by Fortress Investment Group for $350 million in June.[9]
In February 2024, CEO Bruce Dixon announced additional layoffs and that Vice.com would cease publishing content.[27][28] Vice has since partnered with other media companies, such as Savage Ventures, to distribute its content.[29]