I will cheer you from the side-lines.It started as a zine, covering music, art, trends and even drug culture throughout Montreal, Quebec, Canada. I’d also like to thank Shane and Suroosh for their trust and the many board members and investors along the way. But also remember to look ahead to the possibilities.
The accomplishments are far and wide - from new businesses, completely rebuilt operations and countless awards for brave work. Remember what I try to remind you, and that is to appreciate how far you’ve come.
I know you are among the most resilient, creative, and determined talent in the business and your futures are bright and hopeful. Today Vice has an incredible opportunity in the hands of a new management team who are looking to harness the businesses we built and grew and to lay the groundwork for the future. Most important, while there’s still much work to be done, Vice is a more diverse and inclusive environment than ever. As we face new headwinds in the marketplace Vice is now less ad dependent, and our gross margins have more than doubled. We reduced overhead by half and yet improved the quality of our revenues through both increased profitability and growth of returning revenues.
Despite all this the Vice, Vice Studios, Pulse, as well as Virtue, R29, i-D and Unbothered brands are strong. Together we racked up incredible wins while tackling unprecedented macroeconomic headwinds caused by the pandemic, the war in the Ukraine, and the economy all which forced us to pivot, refocus and pivot again. I am proud to leave a Vice better than the one I joined. Which is why as the anniversary of my tenure approaches, it is so difficult to share that I have made the decision to move onto the next chapter. Your commitment to excellence, progress and ethics is unparalleled and the relationships we have built are everlasting. We have transformed this Company from a disparate brand to a fully formed, diversified media company complete with a thriving news organization hosting a collection of some of the most recognizable consumer brands. It’s been an exhilarating five years since joining you at Vice, and I am incredibly proud of the important and long-lasting accomplishments we have made together. I am writing today with bittersweet news.
The company’s portfolio also includes Refinery29, the media and entertainment brand focused on women acquired in 2019 London-based Pulse Films and i-D, a digital and print style publication covering fashion, culture and design.
Vice media brooklyn tv#
Vice Media Group’s five main business units are:, the Vice Studios film and TV production unit the Vice TV television network Vice News and creative agency Virtue. Smith had previously led Vice ever since the company launched a punk-scene print magazine in Montreal in 1994. The cash-strapped company secured a $30 million loan from Fortress Investment Group to pay outstanding bills totaling “millions of dollars” to vendors and advisers, some which haven’t been paid for more than six months, the Journal reported last week. Vice Media’s investors include Disney, TPG, James Murdoch’s Lupa Systems, the Raine Group and WPP. The company had been in acquisition talks with Greek broadcasting company Antenna, with Vice Media seeking a deal valuing it at some $1.5 billion, the Wall Street Journal reported - about one-fourth of Vice’s ballyhooed $5.7 billion valuation back in 2017. 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.”ĭubuc’s exit comes as Vice Media has been actively trying to sell itself. Asked for additional info, a Vice Media rep provided a statement from the company’s board of directors: “Nancy joined Vice at a pivotal time and put in place an exceptional team that has positioned the company for long-term success.
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