Goodbye Vice Media
The 2010s was a fascinating decade for the digital publishing space. As hundreds of millions of people embraced smartphones for the first time and social media giants found their footing, the way we consume media began to change. Vice Media was a key player in this shift. Put on the map by intriguing video reporting from Iraq, North Korea, Afghanistan, and Ukraine, Vice rode the new media wave to the top, getting close to being acquired by Disney for $3.5 billion. At its peak, Vice Media was valued at nearly $6 billion. Six years later, Vice Media just filed for Chapter 11 bankruptcy. The filing will make way for Vice to be sold to a group of investment firms for a $225 million credit bid.
Vice had something that legacy media CEOs and founders craved:
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