But the company “can’t rely on operating expense cuts to get profitable,” Stanford said.įortress might not see Vice as a high growth company or expect Vice to compete well in the crowded market for advertising, which is why it wants the sale to move forward and get paid back for its loans, Stanford said. In November, Vice cut a dozen members from its staff, and Dubuc said in an email to employees she hopes to cut costs by 15 percent. CULTURAL SERVICES Additional services that tap into specific areas of VMG's infrastructure. We offer all the disciplines you find in any creative agency - client services, strategy, creative, production - but powered by VMG expertise, insight, foresight and cultural fluency. Vice isn’t profitable, but it cut its losses by 50 percent last year, CEO Nancy Dubuc said in an interview with the New York Times. CORE AGENCY SERVICES Upstream, agnostic, and very well connected. David Carrick, who worked for an elite armed unit in London’s Metropolitan Police, admitted 49 offences, including 24 rapes.
Vice media group logo serial#
Vice did not respond to an interview request. London Cop Revealed As One of the UKs Worst-Ever Serial Rapists. It’s a warning sign because Fortress “has inside information on the company’s balance sheet, and if they’re pushing to sell, they’re not looking for the loan to last the company a long time.” Dubuc wants to build franchises across the companys platforms, which span a cable channel, a TV, film and. As a lender, Fortress will be one of the first groups paid when Vice sells. Craig Barritt/Getty Images for VICE Media Dubuc wants to get back to building brands.
“Fortress providing what seems like a bailout loan is a red flag, especially when you hear Fortress is one of the groups trying to push for (Vice’s) sale,” said Kyle Stanford, a venture capital analyst at Pitchbook, which publishes private market data.
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