Vice assets and liabilities are worth between US$500-million and US$1-billion, according to Monday’s filing.
"There was a bottle of red wine that's kind of like a rosé that they chill down," the CEO and cofounder of Vice Media tells the waitress at a retro-chic Brooklyn cocktail lounge that doubles as his company's after-hours conference room, his thoughts victim to a boozy, just completed trip to his company's offices in India, Hong Kong and Japan.In a prepared statement, Vice co-chief executives Bruce Dixon and Hozefa Lokhandwala said the “accelerated court-supervised sale process” will strengthen the company and position it for long-term growth, “thereby safeguarding the kind of authentic journalism and content creation that makes VICE such a trusted brand for young people and such a valued partner to brands, agencies and platforms.”
#Vice media owner series
Now, with a new series on HBO and a 24-hour online news network in the works, he and his cohorts are vying to give them their 60 minutes and CNN too. Shane Smith: 'I want to build the next CNN with Vice - it's within my grasp'įrom his Brooklyn offices, where he is courted by everyone from Rupert Murdoch to Google, Smith tells Tim Adams what drives his new brand of gonzo, daredevil journalismĪs one of the founders of Vice magazine, Shane Smith helped usher in the PABST-soaked golden age of hipsterdom and give a particular demographic wave of over-educated, underwhelmed twentysomethings their very own Rolling Stone. When I explain this to Shane Smith, hard-partying co-founder and chief executive of Vice Media, his response lifts the spirits on a gloomy winter's day in southern
Lunch with the FT is a simple format: eat, drink, talk and the FT pays the bill. HBO has handed a second season to "Vice," ordering 12 episodes for the newsmagazine's second run and slating them for 2014.įinancial Times Has Lunch With Shane Smith Smith masterminded a plan to film his HBO news show in North Korea by using Dennis Rodman as bait He says that while it took VICE magazine 10 years to reach one million subscribers, it took the brand's website only one year to reach 10 million unique views per month. Rapid growth in consumption of the company's online video-and in the willingness of sponsors to pay for access to those viewers-is one reason Smith is so wildly optimistic about the brand's future growth. When basketball star Dennis Rodman and North Korean leader Kim Jong Un met in May, it had all the hallmarks of VICE Media: crazy stunts with a serious agenda, unguarded answers to naive questioning, reporter and viewer left thinking "Did that just happen?". Vice Media Uses Gonzo Sensibility to Win Online How $1.4bn VICE is Changing the Media GuardĮdwin Smith speaks to Shane Smith, the man who is is revolutionising the content business Vice has blasted off from scrappy origins as a culture zine out of Canada to an online juggernaut of provocative media whose coverage spans the world's affairs The hard-partying Vice co-founder built an anarchic magazine into a $2bn media brand Shane Smith, the hard-partying mogul who has won over the millennials Vice's Shane Smith: 'Have We Unleashed a Monster?'
How Shane Smith Built Vice Into a $2.5 Billion Empire
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