Vice Media
Youth media company · New York
- Founded
- 1994 to 2023
- Entered
- 2005
- Placed at
- 2005: founded 1994, before the timeline start; shown from 2005
- Status 2026
- Bankrupt
- Metro
- New York
- Embeddedness
- 3 connections
- Confidence
- verified · strongest source trade or financial press
Method
Suroosh Alvi, Shane Smith and Gavin McInnes start Vice as a Montreal magazine in 1994 and move it to Brooklyn in 2001, growing on branded content, Vice News for HBO and cable channel Viceland with Disney, A&E, Fox and TPG money that values it at 5.7 billion dollars in June 2017. Profit never arrives; Vice files for Chapter 11 on May 15, 2023 and lenders Fortress, Soros Fund Management and Monroe Capital buy the assets for 350 million dollars. In February 2024 chief executive Bruce Dixon stops publishing on Vice.com and lays off several hundred staff, leaving Vice Studios, Pulse Films and Vice TV. In 2025 the company relaunches a quarterly print magazine and rebuilds Vice News under Fortress ownership. The rung that breaks is venture priced growth on branded content revenue that never matched the valuation.
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The path: money and goods moving
- backed byThe Walt Disney CompanyDisney invests 400 million dollars in Vice by 2015 and writes the stake down to zero by 2019.2014 to 2019
- spawnedCrooked MediaVice's former chief legal officer Lucinda Treat becomes Crooked Media's first chief executive in 2022.2022
- acquired byFortress Investment GroupA Fortress led lender group buys Vice's assets out of Chapter 11 for 350 million dollars in June 2023.2023