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☆ Vice Media's bankruptcy has 'killed the ad pipeline' for the company, sources say, as questions about its future roil staffers
▼ + stars: | 2023-05-18 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +5 min

Vice Media filed for Chapter 11 bankruptcy on May 15, leaving current and laid-off staffers anxious over what's next. One advertising source told Insider, "The bankruptcy has killed the ad pipeline." Employees who were laid off in recent weeks are demanding answers about how the company's bankruptcy will affect the terms of their departure. One of the former execs told Insider they were just keeping their fingers crossed that payments come through. A person close to the company said Vice Media intends to pay severance and COBRA, subject to court approval.

[1/2] Co-Founders of VICE Shane Smith (L) and Suroosh Alvi (R) pose as they arrive for the 20th Annual Webby Awards in Manhattan, New York, U.S., May 16, 2016. REUTERS/Mike SegarMay 15 (Reuters) - Vice Media Group, popular for websites such as Vice and Motherboard, filed for bankruptcy protection on Monday to engineer its sale to a group of lenders, capping years of financial difficulties and top-executive departures. Vice listed both assets and liabilities in the range of $500 million to $1 billion. Vice was among a group of fast-rising digital media ventures that once had rich valuations as they courted millennial audiences. It rose to prominence alongside its co-founder Shane Smith, who built his media empire from a single Canadian magazine.

☆ Vice Media to Sell Itself as It Files for Bankruptcy
▼ + stars: | 2023-05-15 | by ( Dave Sebastian | ) www.wsj.com time to read: 1 min

Vice said its media brands will continue to produce content. Photo: Mario Tama/Getty ImagesVice Media, the once-hot digital news startup that was valued at $5.7 billion at its peak, said it has received a rescue offer and filed for bankruptcy protection. The company, whose assets include Vice News, Vice TV, Refinery29 and Motherboard, on Monday said a group of its creditors, including Soros Fund Management, Fortress Investment Group and Monroe Capital , has agreed to buy Vice for about $225 million and take on “significant liabilities.” The agreement is subject to higher bids from other parties, it said.

☆ Vice Media files for Chapter 11 bankruptcy to facilitate sale
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +2 min

May 15 (Reuters) - Vice Media Group, popular for websites such as Vice and Motherboard, filed for bankruptcy protection on Monday to engineer its sale to a group of lenders, capping years of financial difficulties and top-executive departures. The company listed both assets and liabilities in the range of $500 million to $1 billion, according to a court filing. Vice was among a group of fast-rising digital media ventures that once commanded rich valuations as they courted millennial audiences. It rose to prominence alongside its co-founder, Shane Smith, who built his media empire from a single Canadian magazine. In April, the company said it would cancel popular TV program "Vice News Tonight" as part of a broader restructuring that would result in job cuts across the digital media firm's global news business.

☆ Vice Media files for bankruptcy to enable sale to lenders including Soros and Fortress
▼ + stars: | 2023-05-15 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Once a digital media darling, Vice Media Group on Monday filed for bankruptcy protection after years of financial troubles. Vice is one of several digital media and technology firms forced to restructure this year amid a sluggish economy and weak advertising market. To facilitate its sale, Vice filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York. The consortium's bid includes a commitment of $20 million in cash to enable Vice's operations to continue throughout the sale process. Vice Co-CEOs Bruce Dixon and Hozefa Lokhandwala said in a statement that the sale process will "strengthen the Company and position VICE for long-term growth."

☆ Vice Media files for Chapter 11 bankruptcy protection
▼ + stars: | 2023-05-15 | by ( Hanna Ziady | ) edition.cnn.com time to read: +1 min

London CNN —Vice Media filed for Chapter 11 bankruptcy protection Monday to facilitate a sale of the company, according to court documents and a statement from the struggling media group. The company, which publishes websites such as Vice, Motherboard, made the filing in the Southern District of New York. The sale process would allow other parties to submit “higher or better bids” for the company, it added. “This accelerated court-supervised sale process will strengthen the company and position Vice for long-term growth,” said co-chief executive officers Bruce Dixon and Hozefa Lokhandwala. News of the proposed sale comes weeks after the company announced a major restructuring, canceling its popular program “Vice News Tonight” and cutting dozens of jobs.

☆ Once valued at nearly $6 billion, Vice files for bankruptcy
▼ + stars: | 2023-05-15 | by ( Claire Atkinson | Cheryl Teh | ) www.businessinsider.com time to read: +4 min

Vice filed for bankruptcy, wiping out equity holders who poured in hundreds of millions, including TPG and James Murdoch. The company filed for Chapter 11 bankruptcy on Monday in New York's Southern District Court. The company's filing listed assets and liabilities in the range of $500 million to $1 billion. Vice had run multiple sales processes with a range of different banks but never received an offer palatable to its owners. The bankruptcy filing reveals just how many companies and investors pinned their hopes on Smith's hype about the potential growth trajectory of the TV and online venture.

☆ MTV News to shut down as Paramount slashes US workforce
▼ + stars: | 2023-05-09 | by ( Liam Reilly | ) edition.cnn.com time to read: +2 min

New York CNN —Paramount Media Networks announced Tuesday it will shutter MTV News and slash its US workforce by 25%, bringing to an end the iconic music video network’s news division that once covered a range of issues from pop culture to politics and became a household name for Generation X and Millennial adolescents. During the ’90s, MTV News also provided an alternative to traditional cable news that appealed to young Americans. In addition to MTV News, some units in the company are being eliminated altogether, most of which are operations, a Paramount spokesperson said. CNN, The Washington Post, NPR, Gannett, Vox Media, NBC News and others have also cut their workforces in recent months. The Paramount Media Networks division is cutting staff by 25%.

☆ Vice staffers fear salary and severance payments could be impacted as the company moves closer to bankruptcy
▼ + stars: | 2023-05-09 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +4 min

Vice is expected to file for bankruptcy, and some staffers fear salary or severance payments could be affected. The WGA East represents the Vice Union and said it will work to ensure members receive "everything owed." Vice has cut dozens of staff along with canceling its cable show "Vice News Tonight." Last month Vice said it was axing "Vice News Tonight," which once aired on HBO but shifted in 2019 to Vice's own cable channel, Vice TV. A second Vice insider said: "Hundreds of people lose their jobs and Shane gets his back?

☆ Vice Media Prepares to File for Bankruptcy
▼ + stars: | 2023-05-02 | by ( Jessica Toonkel | Alexander Saeedy | ) www.wsj.com time to read: 1 min

Vice Media had recently announced it would be restructuring its news division. Photo: Mario Tama/Getty ImagesVice Media is preparing to file for bankruptcy as soon as within the next several days, people familiar with the matter said, a move that would mark a major fall from grace for a once-hot media startup that was valued at $5.7 billion at its peak. Vice, whose assets include Vice News, Vice TV, Refinery29 and Motherboard, has struggled for years to find growth. The company has been looking to sell itself, but a deal hasn’t materialized, The Wall Street Journal previously reported. Its chief executive, Nancy Dubuc, departed earlier this year, and last week the company announced it would be restructuring its news division, ending its Vice World News Tonight show and shutting down the Vice World News brand.

☆ Vice Media preparing to file for bankruptcy - NYT
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mike SegarMay 1 (Reuters) - Vice Media Group, the company behind popular media websites such as Vice and Motherboard, is preparing to file for bankruptcy, the New York Times reported on Monday, citing people with knowledge of its operations. "Vice Media Group has been engaged in a comprehensive evaluation of strategic alternatives and planning. Last week, Vice Media said it will cancel popular TV program "Vice News Tonight" as part of a broader restructuring that will result in job cuts across the digital media firm's global news business, capping years of financial difficulties and top-executive departures. Vice Media was among a group of fast-rising digital media ventures that once commanded rich valuations, as they courted millennial audiences. It rose to prominence alongside its provocative co-founder, Shane Smith, who built his media empire from a single Canadian magazine.

☆ Biden set to address White House Correspondents Dinner
▼ + stars: | 2023-04-29 | by ( Maegan Vazquez | ) edition.cnn.com time to read: +9 min

But undoubtedly, a White House official told CNN, his speech will address the issue of wrongfully detained Americans abroad. US President George W. Bush, left, waves with impressionist Steve Bridges at the White House Correspondents' Dinner in 2006. Roger L. Wollenberg/Pool/Getty Images The White House Correspondents' Dinner is held in 1923. It was started two years earlier by the White House Correspondents' Association, the organization of journalists who cover the president. Roosevelt was congratulating Brandt for winning the first Raymond Clapper Memorial Award, which was given by the White House Correspondents' Association for distinguished reporting.

☆ Vice Media Cuts Staff and Ends Vice News Tonight
▼ + stars: | 2023-04-27 | by ( Jessica Toonkel | Alexandra Bruell | ) www.wsj.com time to read: 1 min

Vice Media has struggled to show rapid growth and live up to an early valuation of $5.7 billion. Photo: Mario Tama/Getty ImagesVice Media said it was restructuring its global news operation, including shutting down its Vice News Tonight broadcast, as the embattled media company looks to sell itself. The company expects to cut more than 100 jobs as part of the broader reorganization, according to a person familiar with the matter. Vice has around 1,500 employees, another person said.

☆ Vice Media cancels its flagship ‘Vice News Tonight’ program as it makes ‘painful’ layoffs and restructures the company
▼ + stars: | 2023-04-27 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —Vice Media will cancel its acclaimed program “Vice News Tonight” as part of a broad restructuring that will result in painful cuts across the organization, the company said Thursday. The restructuring will have major implications on news teams at Vice Media. The company will sunset the Vice World News brand and fold its operations under the Vice News umbrella, giving the company a singular news brand. The restructuring comes as Vice Media, once the darling of the industry, explores a sale. CNN, The Washington Post, NPR, Gannett, Vox Media, NBC News, and others have also cut their workforces in recent months.

☆ Stormy Daniels: Woman at center of Trump indictment is porn star-turned-ghostbuster
▼ + stars: | 2023-03-31 | by ( Julia Harte | ) www.reuters.com time to read: +4 min

[1/2] Adult-film actress Stephanie Clifford, also known as Stormy Daniels, arrives at ABC studios to appear on The View talk show in New York City, New York, U.S. April 17, 2018. A Trump fundraising group sent an email asking supporters for more contributions after his indictment. After he announced his impending arrest, searches for Daniels on the website Pornhub jumped 21,655%, according to the site's research and analysis branch. And my mom was a trainwreck, and my clothes didn't fit, and I was poor and I smelled," Daniels told Vice News in 2021. Daniels has said she received the hush money in exchange for keeping silent about a sexual encounter she had with Trump in 2006.

☆ Russia's 'Satan 2' Sarmat missile can carry more than a dozen nuclear warheads and destroy entire cities - if it ever works
▼ + stars: | 2023-02-22 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

A test launch of Russia's nuclear Sarmat missile appears to have failed, CNN reported Tuesday. The Sarmat ICBM is among the more modern weapons in Russia's nuclear arsenal. The RS-28 Sarmat intercontinental ballistic missile, which NATO has nicknamed "Satan II", is among the more modern weapons in Russia's nuclear arsenal. Measuring around 112 feet long and weighing just over 211 tons, the liquid-fuel ICBM is capable of carrying more than a dozen nuclear warheads, which can destroy entire cities, VICE News reported. Several experts told CNN in April that Putin's Sarmat test launches were meant to distract from Russia's recent military failures in Ukraine.

☆ The Paradox of Prosecuting Domestic Terrorism
▼ + stars: | 2023-02-08 | by ( James Verini | ) www.nytimes.com time to read: +52 min

The preventive approach to domestic terrorism goes back even further than the 1990s and it begins with the basic police work and surveillance of the joint terrorism task forces. In fact, there is no section of the U.S. Criminal Code that criminalizes domestic terrorism as such. The absence of clear law around domestic terrorism, and the imperatives of prevention, mean that investigators and prosecutors who work domestic terrorism cases must focus on more common charges: weapons violations, illegal drug possession, burglary, aiding and abetting and so forth. But this was not enough to overrule the fear of domestic terrorism that was gripping the nation and that hung in the courtroom. It reflected the legal paradoxes of the case and domestic terrorism law in general or, maybe more accurately, the absence of it.

☆ DeSantis echoes Trump in latest offense against the media after taunting the former president during live TV roundtable
▼ + stars: | 2023-02-07 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +9 min

Ron DeSantis won't be the Republican to give the party's response to President Joe Biden's forthcoming State of the Union Address. The broadcast echoed the media ire former President Donald Trump frequently has on display. "To assassinate someone's character with anonymous sources would have been a total no-no," DeSantis said of past media practice. Like Trump, DeSantis often bemoans his media coverage and excoriates what he calls the "corporate press." Despite raising his tussles with the press, DeSantis insisted non-politicians would be the focus of new libel laws.

☆ GOP Sen. Mike Lee proposes bill that could ban access to Internet porn in the US
▼ + stars: | 2022-12-17 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

GOP Sen. Mike Lee proposed a bill that would redefine obscenity and could upend the porn industry. Lee's bill targets content that has the "objective intent to arouse, titillate, or gratify the sexual desires of a person." The Free Speech Coalition, which represents the adult film industry, said the bill threatens the performers' livelihoods. Lee, of Utah, introduced the one-page bill, titled the Interstate Obscenity Definition Act, on December 14. —Free Speech Coalition (@FSCArmy) December 15, 2022Mike Stabile, public affairs director with the Free Speech Coalition, also told VICE News that the bill "has gotten a huge amount of attention."

Now, social media creators and audiences are comparing Jolie to Heard, as evidenced by hundreds of comments NBC News found on Twitter, TikTok, and YouTube that questioned her allegations of abuse. This year, that battle went mainstream, catching the attention of millions of viewers online during the civil trial involving Depp and Heard. “The things we saw, the memes, the clips of the trial, they were overwhelmingly going against Amber Heard. Some of the videos characterized Jolie as a liar in titles and thumbnails, while others asked whether she is using “Amber Heard tactics” or is “the next” Heard. Former White House aide Cassidy Hutchinson was labeled “Amber Heard 2.0,” and the phrase trended on Twitter after she testified about former President Donald Trump’s alleged actions during the Jan. 6 Capitol attack.

☆ Samsung Elec's Lee says SoftBank's Son expected to visit Seoul when asked about Arm-media
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterSEOUL, Sept 21 (Reuters) - Samsung Electronics (005930.KS) Vice chairman Jay Y. Lee said on Wednesday that SoftBank Group Corp (9984.T) CEO Masayoshi Son is expected to visit Seoul next month when asked about British chip designer Arm Ltd, multiple South Korean media reported. Son may "make a proposal," South Korean wire service News1 reported citing Lee, without elaborating. Lee said this in answer to a press question about whether he met Arm executives during his recent visit to Britain, according to News1. Register now for FREE unlimited access to Reuters.com RegisterSouth Korean media have speculated Samsung may participate in a potential joint acquisition of a stake in Arm. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Joyce Lee and Heekyong Yang; editing by Jason Neely and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

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