Vice Media, the Brooklyn based $6billion digital media giant has been going through the wringer lately thanks to that New York Times exposé into its frat house work culture and sexual misconduct allegations against two of its top executives president Andrew Creighton and digital chief Mike Germano,. The company has since parted ways with Mr. Germano and the investigation into the allegations against Mr. Creighton is still ongoing. Now addition to that turmoil the company has reportedly come up short on its revenue target by more than $100 million largely due to its floundering Viceland network which already died in Canada. This all comes as the company’s leadership is also being questioned by weary shareholders eyeing the exit.
Vice Media fell far short of its revenue target last year, as the privately held company works to stabilize its executive ranks and reassure shareholders pressing for an exit. Vice, whose $5.7 billion valuation makes it the most valuable new media company in the U.S., missed its 2017 revenue goal of $805 million by more than $100 million, according to people familiar with the matter.
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