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Top related persons:
Hutton Supancic - 1 Fortress - 1 GoDigital - 1 Craig Greiwe - 1 Spokespeople - 1
Top related locs:
Viceland Austin , Texas
Top related orgs:
Media - 1 Investment - 1 CNBC - 1 Soros Fund Management - 1 Monroe Capital - 1 News - 1 Vice Studios - 1 Cannes Lions - 1

Search resuls for: "Viceland"


2 mentions found


☆ Vice Media declares Fortress Investment Group the winning bidder in bankruptcy sale
  + stars: | 2023-06-22 | by ( Alex Sherman | ) www.cnbc.com   time to read: +2 min
(Photo by Hutton Supancic/Getty Images for SXSW)Vice Media has declared Fortress Investment Group's stalking horse bid of $225 million the winning offer for the company as it emerges from bankruptcy. Vice received multiple bids for the company, but none of them "rose to the level of being deemed a superior bid," according to an internal memo obtained by CNBC. Vice will present the sale to bankruptcy court on Friday and expects the acquisition to close then, the company said in the memo. The sale closes a chapter for the digital media company that was valued at $5.7 billion in 2017. Vice owns a series of assets including Vice News, Vice Studios, Refinery29 and an ad agency called Virtue.
Persons: Hutton Supancic, Fortress, GoDigital, Craig Greiwe, Spokespeople Organizations: Media, Investment, CNBC, Soros Fund Management, Monroe Capital, News, Vice Studios, Cannes Lions Locations: Viceland, Austin , Texas
☆ Vice Media CEO Nancy Dubuc is stepping down
  + stars: | 2023-02-24 | by ( Lillian Rizzo Alex Sherman | Lillian Rizzo | Alex Sherman | ) www.cnbc.com   time to read: +2 min
Nancy Dubuc notified Vice Media staffers on Friday that she's stepping down from her post as CEO after five years at the company. Dubuc joined Vice in 2018 after leaving her post as CEO of A+E Networks, where she had worked for 20 years. "We thank Nancy for her many contributions and will soon announce new leadership to guide VICE forward into its next stage of growth and transformation." Dubuc's departure comes as Vice, like its digital media peers, facing ongoing challenges with shrinking audience numbers and advertising. Still, Vice ended 2022 with a slight gain in revenue, although the business deteriorated among the macroeconomic headwinds, CNBC previously reported.
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