Who really owns Vice News? That’s a question that’s been on a lot of people’s minds lately. Some say it’s owned by Rupert Murdoch, others say it’s owned by Disney. But the truth is, nobody really knows for sure.
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The History of Vice Media
Vice Media is a Canadian-American digital media and broadcasting company. The company was founded in 1994 by Suroosh Alvi, Shane Smith, and Gavin McInnes. The company is headquartered in Brooklyn, New York City. As of 2018, Vice Media Group has a total of 36 channels operating in over 20 countries.
Vice’s humble beginnings
Vice was founded in 1994 by Suroosh Alvi, Gavin McInnes, and Shane Smith, who were all childhood friends from Montreal. The trio first started VICE as a punk zine before it eventually evolved into a website and then a global media company.
In the early days, Smith and Alvi would travel around the world to report on stories, often getting into dangerous situations. One of their most famous pieces was “The VICE Guide to Baghdad,” which was published in March 2003, just weeks before the US invasion of Iraq.
Despite their lack of experience, the two were quickly able to gain a following for their edgy style of journalism. In 2006, they launched a TV show on HBO called “Vice” which further increased their popularity.
At first, Vice was known mainly for its counter-cultural coverage of music, fashion, and travel. But under Smith’s leadership, it has transformed into a media powerhouse that covers everything from politics to sports to pop culture.
Today, Vice is one of the most popular media brands in the world with offices in over 35 countries. It has also ventured into new territory in recent years with the launch of its own TV network ( Viceland) and a record label (Vice Music).
Vice’s massive growth
In just a few short years, Vice has become one of the most powerful media companies in the world.
Founded in 1994 as a punk magazine, Vice has reinvented itself as a global media empire. Today, the company operates in over 30 countries and boasts a website that attracts over 60 million unique visitors per month.
Vice’s massive growth can be attributed to its ability to appeal to young audiences. The company produces content that is edgy, provocative, and often controversial. This approach has resonated with millennials who are looking for an alternative to traditional news outlets.
In addition to its website, Vice also owns a television network ( Viceland), a film production company, and a record label. The company is valued at over $5 billion, making it one of the most valuable media properties in the world.
The Current Ownership Structure of Vice Media
Vice Media is currently owned by a private equity firm, TPG Capital. TPG Capital owns a 63% stake in the company, while The Walt Disney Company owns 20%. Vice Media was founded in 1994 and is headquartered in Brooklyn, New York.
The Walt Disney Company
Vice Media is an American digital media and broadcasting company. The company was founded in 1994 by Shane Smith, Suroosh Alvi, and Gavin McInnes. The company is headquartered in Brooklyn, New York.
As of March 2019, the current ownership structure of Vice Media is as follows:
-The Walt Disney Company: 10%
-A&E Networks (a joint venture between The Walt Disney Company and Hearst Communications): 20%
-Technology Crossover Ventures: 5%
-Raine Group: 5%
-TPG Capital: 5%
The remaining 55% of Vice Media is owned by CEO Shane Smith and other members of management.
In September 2017, Vice Media received a $450 million investment from TPG Capital, a private equity firm. With this investment, TPG Capital became a minority stakeholder in Vice Media, holding approximately a 7% stake in the company. TPG’s investment valued Vice Media at $5.7 billion.
Technology Crossover Ventures
Technology Crossover Ventures (TCV) is a US-based venture capital firm specializing in growth-stage investments in technology companies. The firm was founded in 1995 and is headquartered in Palo Alto, California. As of December 2019, TCV has raised 11 funds with a total capital of $4.4 billion.
TCV has invested in many companies over the years, including Facebook, Netflix, Slack, Spotify, and Yelp. In 2016, TCV led Vice Media’s $250 million Series C investment round, valuating the company at $2.5 billion. As of 2019, TCV owns 14% of Vice Media Group (VMG), making it the second-largest shareholder after Walt Disney Company’s 21% stake.
VMG is a multi-platform media company specializing in news and entertainment for young adults. It was founded in 1994 as an alternative magazine called Voice of Montreal but has since expanded to digital media, television production, and film production. VMG’s revenues were $1 billion in 2018 and it employs over 3,000 people across 30 countries.
The Future of Vice Media
In recent years, Vice Media has been on the rise, becoming one of the most popular media outlets among millennials. Vice was founded in 1994 as a punk magazine and has since expanded into digital media, film, and television. The company is known for its edgy and alternative content, which has resonated with young audiences. However, as Vice has grown, it has faced criticism for its lack of transparency and its ties to corporate interests.
Vice’s potential sale to Disney
Vice Media is in talks to sell a minority stake of the company to Disney, according to people familiar with the matter.
The deal, which is not yet final, would give Vice a valuation of around $15 billion and could be announced as early as next week, the people said. It is unclear how much of the company Disney would acquire.
Vice was founded in 1994 as a punk magazine and has since morphed into a millennial-focused digital media company. It has been on an expansion tear in recent years, investing in areas like news, sports and film.
The company has been estimated to be worth as much as $5 billion by some analysts, but it has never confirmed that number. In 2017, private equity firm TPG invested $450 million in Vice, giving it a valuation of $5.7 billion at the time.
Vice’s possible IPO
Vice’s possible IPO could value the company at up to $5 billion, making it one of the most valuable media companies in the world.
The company was founded in 1994 as a punk magazine and has since grown into a global media empire, with holdings in digital media, film, television, and music.
Vice is known for its edgy, irreverent content, which has made it popular with young audiences. But the company has also been criticized for its high turnover rate and poor working conditions.
If it goes public, Vice would be one of the few major media companies that is not owned by a larger conglomerate. This could give it more freedom to experiment with its business model and content.
The IPO would also be a major win for Vice’s investors, who have poured billions of dollars into the company over the past decade.