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Murdoch’s private investment company Lupa Systems, founded earlier this year, … Rupert Murdoch’s son is focusing his investments on media businesses that bear little resemblance to those in his father’s empire. The Brooklyn-based youth-culture company, launched 25 years ago as a punk-culture magazine in Montreal, was valued at $5.7 billion less than two years ago. Sarah Harrison Digital creative and content executive. Mr. Murdoch, who already sits on Vice’s board, made the investment as part of Vice’s recent acquisition of Refinery29, a women’s lifestyle publisher, according to a person familiar with the matter, who asked not to be named because the deal is meant to be private. Cox Family - Atlanta Journal-Constitution. It outlined the plans at its Digital Content NewFronts marketing event Wednesday in New York. Before Vice News was founded, Vice published news documentaries and news reports from around the world through its YouTube channel alongside other programs. The investment, which was first reported by The Financial Times, is through Mr. Murdoch’s holding company, Lupa Systems. Sarah Harrison. The Vice CEO discussed Disney rumors and a Donald Trump-CNN "collusion" ahead of his lecture at the Edinburgh TV Festival. Vice Media founders Shane Smith, Suroosh Alvi, and Gavin McInnes launched the magazine Voice of Montreal in October 1994 in Montreal, Quebec, Canada with government funding, to cover music, art, trends and drug culture not covered in print. Vice had reported on events such as crime in Venezuela, the Israeli–Palestinian conflict, protests in Turkey, the North Korean regime, and the Syrian Civil Warthrough their own YouTube channel and website. Several execs were ousted over sexual harassment allegations, and last month Vice agreed to pay nearly $1.9 million to settle a class-action lawsuit claiming the company routinely paid women employees less than men. Viceland (stylized as VICELAND) is a multinational television channel brand owned and programmed by Vice Media. Give a Gift Card. Last week, Vox Media acquired New York Media in an all-stock transaction. Cox Enterprises , owned by the billionaire Cox family, … Since then, its valuation has dropped: Disney disclosed a $157 million write-down on its Vice equity stake last year. © Copyright 2021 Variety Media, LLC, a subsidiary of Penske Business Media, LLC. I n this interview with Suroosh Alvi, he provides details on how Vice was born. The younger Murdoch, who personally netted about $2 billion from that sale, has invested in a diverse group of media businesses that looks very different from the one his father founded. He said the digital media business was suffering from inconsistent metrics and a lack of transparency in measurement. Last year, the family sold off the majority of Fox’s assets to the Walt Disney Company for more than $70 billion. Executive Vice President and Chief Marketing Officer Brad Woods leads the marketing, licensing, public relations, and business development efforts for VIZ Media. James Murdoch has reportedly bought a minority stake in Vice Media. Vice Media, looking to revitalize its flagging business, has gotten a $250 million cash infusion from an investment consortium that includes billionaire George Soros. A Disney-Vice deal would look good to Shane Smith. In late August, A&E Networks president and CEO Dubuc invested $250 million for a 10 percent interest in Vice, valuing the company at a whopping $2.5 billion (A&E is … The Murdoch family has a history with Vice. Just a few years ago, big media companies were falling over themselves to bet on Vice Media. Operator of a digital media and broadcasting company. What has drastically changed in these past many years is the consolidation of who owns the news media. Vice Media has raised $450M in new funding from private-equity firm TPG, with a deal valuing the media company around $5.7 billion post-money.. Shane Smith, co-founder and CEO of Vice … Mr. Murdoch joined the board in 2013 as part of a $70 million investment Fox made that summer. The Refinery acquisition was part of that effort under Vice’s chief executive, Nancy Dubuc, who joined the company in 2018. James Murdoch, the former chief executive of 21st Century Fox, has taken a small stake in Vice Media, the irreverent media brand focused on millennials and entertainment. Vice Media, the notoriously provocative company that has courted controversy for its approach to the news, has acquired the women-focused digital media company Refinery29. At the NewFronts presentation this week, Dubuc said she joined Vice about 11 months ago not to provide “adult supervision” but because she was inspired by the vision of Shane Smith, exec chairman and former CEO. The ex-CEO of A+E Networks restructured the company around five lines of business: digital, news, Vice Studios (film and TV production), the Viceland cable channel (a partnership with A+E), and in-house ad agency Virtue. James Murdoch, who sits on Vice’s board, invested in the media company through his holding company, Lupa Systems. 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I create passionate, cohesive teams, lead with integrity and empathy, and bring a mission-driven mindset to revenue-driven settings. A&E Networks (which Disney also owns … In May, Vice Media raised $250 million in … In August, Mr. Murdoch led a consortium of investors to buy a controlling stake in Tribeca Enterprises, which owns the Tribeca Film Festival as well as a production studio. The Murdoch company, 21st Century Fox, owned a piece of Vice Media for a time; James Murdoch is still on the Vice board as an independent member. He said he would work with Tribeca founders Jane Rosenthal and Robert DeNiro to expand the business. Senior staff writer, VICE World News at VICE Media London. The company laid off 10 percent of its staff this year and consolidated several websites under the Vice.com umbrella. … After the creation of Vice News as a separate division, its reporting greatly increased with worldwide coverage starting immediately with videos publis… James Murdoch, the former chief executive of 21st Century Fox, has taken a small stake in Vice Media, the irreverent media brand focused on millennials and entertainment. According to Delport, based on the company's own calculations, Vice has a global digital audience of 300 million monthly users across its owned-and-operated properties as well as platforms like YouTube, Instagram and Snapchat. Polly Grunfeld Sack, general counsel and senior vice president of New Media's operating division, GateHouse Media, who will serve as general counsel. The money-losing Vice has faced a tough turnaround as it looks to trim costs and remake its content portfolio. 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