Vice Media
American-Canadian digital media and broadcasting company / From Wikipedia, the free encyclopedia
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Vice Media Group LLC is an American-Canadian digital media and broadcasting company. As of June 2021,[update] the Vice Media Group included five main business areas: Vice.com (digital content); Vice Studios (film and TV production); Vice TV (also known as Viceland); Vice News; and Virtue (an agency offering creative services). 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 |
Developing from Vice magazine, originally founded and based in Montreal and co-founded by Suroosh Alvi,[13] Shane Smith, and Gavin McInnes,[14] Vice expanded primarily into youth and young adult-focused digital media. This included online content verticals and related web series, the news division Vice News, a film production studio and a record label, among other properties. Vice re-located to New York City in 2001. Vice Media originally broadcast their news programs on HBO, including the Emmy-winning[15] weekly documentary series Vice, which premiered in April 2013. Vice features segments on global issues hosted by co-founders Smith and Alvi, and a rotating cast of correspondents.[16][17] They also broadcast Vice News Tonight, which premiered 10 October 2016, 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 the news program'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 the Vice.com website would cease publishing content, instead partnering with other media companies to distribute its content, but this decision was later reverted.[when?][27][28]