Vice was once promised to become the brash young voice of news. But wild expenses, shady deals, and founder Shane Smith’s greed kept the newsroom from ever being a sustainable business.
Shane Smith built Vice into a cultural behemoth by bluffing his way into round after round of funding — until he reached a dizzying $5.7 billion valuation from which only a precipitous fall was possible. That fall has been happening in slow motion for years, but things finally crashed to the ground in February of this year, when Vice announced it would shutter its award-winning news division, lay off hundreds, and stop publishing to its website entirely.
” One former executive told me that when someone said, “This is Shane’s thing,” it meant that something was a little sketchy and shouldn’t be broadcast to the company. Among the “Shane deals” the executive mentioned was “Change Incorporated,” a sponsored content deal paid for by Philip Morris to encourage people to quit smoking. Another was the relationship with Greek broadcaster Antenna Group — a relationship that, when it fell apart, broke Vice.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Rock & Roll Hall of Fame Nominees 2024: Songs to Listen ToShane Lou is a senior editor for TODAY.com.
Les mer »
Flyin’ Hawaiian Shane Victorino offers tips to another Phillies speedster, Johan RojasVictorino is serving as a guest instructor at spring training. His message to the precocious Rojas: Slow down
Les mer »
Three-time Olympic medalist Shane Rose in ICU after being seriously injured during ‘nasty fall’Three-time Olympic medalist Shane Rose was badly injured during a fall on Thursday, a week after qualifying for the Summer Olympics in Paris.
Les mer »
Olympic Medalist Shane Rose Hospitalized After 'Nasty Fall'Three-time Olympic medalist Shane Rose was hospitalized this week after being seriously injured in a 'nasty fall' during a schooling session, his team confirmed Friday. Rose’s team posted an update on Facebook confirming that the equestrian was currently in the Intensive Care Unit after suffering a significant number of injuries during a fall the previous day.
Les mer »
Comedy Thriller LaRoy Texas Gets Digital Release DateVertigo Releasing has given Shane Atkinson's comedy crime thriller LaRoy Texas a digital release date.
Les mer »
A Better Trip with Shane MaussAward-winning comedian, science podcaster, and mental health advocate Shane Mauss brings laughter and enlightenment through humorous and vivid storytelling about the world of science and the psychedelic experience for a immersive comedy show that goes far beyond traditional stand-up.
Les mer »