Vice Media Group Preps $400 Million Sale To George Soros and Fortress

Vice Media Group is planning to sell to investors for about $400 million -- a fraction of its once high-flying $5.7 billion valuation back in 2017. The investors include Fortress Investment Group and Soros Fund Management, according to the Wall Street Journal. Variety reports: Cash-strapped Vice Media has been searching for a buyer over the past year, to no avail. In February, Nancy Dubuc announced her exit as CEO after almost five years. The company subsequently appointed longtime execs Bruce Dixon and Hozefa Lokhandwala as co-CEOs. Under the proposed sale to "senior lenders," Fortress "plans to find a role for Vice co-founder Shane Smith," who is executive chairman and previously served as CEO prior to Dubuc's hire.

The bankruptcy and sale would "wipe out" most of Vice's other shareholders, including TPG Group and James Murdoch (who invested in the company via his Lupa Systems investment firm), per the Journal report. Vice has been unable to pay many of its vendors and recently secured a $30 million "lifeline" from Fortress, the Journal previously reported. Last week, the New York Times reported that Vice Media was preparing for bankruptcy after being unable to find a buyer. It announced a series of layoffs and said it was pulling the plug on "Vice News Tonight."

They had to

[Kernel Kurtz]

The 5G implants had it hard coded.

This will be fun

[GrumpySteen]

I'm sure the comment section will be filled with perfectly rational discussions and not spammed by a bunch of Q idiots melting down over George Soros' being one of the investors buying out the site.

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[quonset]

I'm sure the comment section will be filled with perfectly rational discussions and not spammed by a bunch of Q idiots melting down over George Soros' being one of the investors buying out the site.

See the next comment down. It's already begun.

Re:

[AutodidactLabrat]

Just as long as Dynastic inheritance class bastards are on the bottom, the 99% will finally have a chance.

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[AutodidactLabrat]

You have to be a massive idiot NOT to be wary of Sheldon Addlestein.
There, fixed it for you.

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[cstacy]

I'm sure the comment section will be filled with perfectly rational discussions and not spammed by a bunch of Q idiots melting down over George Soros' being one of the investors buying out the site.

Soros already owns 10%.

And for those like me who never heard of "Vice Media" before: it's Motherboard.

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[Impy the Impiuos Imp]

And for those like me who never heard of "Vice Media" before: it's Motherboard.

Continue

Re:For anyone that doens't know, it's antisemitism

[iMadeGhostzilla]

If that were so, then right-wing Jewish people like Dennis Prager or Alan Dershowitz (who is actually a Democrat but pro Trump) would be hated too, but they are loved by many.

Likewise, other influential non-Jewish left-wingers would get less hate than Soros, which is very obviously not true.

Those people are disliked for their politics; your claim that others hate them for their ethnicity is sourced in your head.

Go watch Dennis Praguer's videos

[rsilvergun]

He heavily downplays his own religion. If you were to just watch his videos uncritically and unthinkingly like most do you'd walk away thinking he was a Christian. The same goes for Ben Shapiro.

Alan dershowitz is a lawyer not a prominent figure in right-wing media. He might be well liked by the upper echelons but the rank and file don't even know who he is. They wouldn't like him if they did because his last name is a little to on the nose.

Furthermore something you need to understand about the r

Re:

[iMadeGhostzilla]

I'll concede there is something to it. I watched a number of his videos without realizing he was Jewish -- he talked about God and the Old Testatment, never about the New, and when he said in one video he was Jewish I was somewhat surprised. To me it made sense still, in that he is teaching the foundation of all Abrahamic religions, but on reflection it is true that he didn't talk about what is specific only to Judaism.

Then again, why would he? The US is founded by Christians, Christianity is heavily embedd

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[Design Counts]

God help us if Soros is aboard. Guy ia a creep.

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[cthulhu11]

No, just wondering WTF this is doing on /.

They deserve each other

[memory_register]

Guy who hates Western Civilization buys former news outlet that shares his tastes.

Re:They deserve each other

[sg_oneill]

Guy who hates Western Civilization

[Citation required]

99.99% of everything you read about Soros on the net is nonsense. But the guy almost singlehandedly funded the downfall of the post soviet union democratic revolutions that brought "western" values back to eastern europe. So claiming he "hates western civilization" is a pretty weird claim.

Re: They deserve each other

[xavdeman]

Simple question: Source?

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[sg_oneill]

My post was a little mangled. "Downfall of democratic revolutions". I mean the opposite of that, the downfall of the authoritarian regimes by democratic revolutions.

https://www.opensocietyfoundat... [opensociet...ations.org]

Basically there where a series of "color" revolutions after the cold war fell designed to oust various dictators or undemocratic demagog leaders that preyed on the former soviet states. Groups like Otpor, Solidariat (which actually was just prior to the end of the cold war) and the like all got a lot of funding,

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[wv5k]

And just as Murphy decreed back in the ancient mists of time, "When you NEED mod points, there are none to be found."... The head of the nail is square, and you sg_oneill hit it... ;-)

The Battle Royale

[fermion]

Between Musk and his space internet and Soros and his space lasers.

Re:

[Miles_O'Toole]

You're a lying sack of shit. Soros is no hero, but what you said is bullshit, and should be identified as such.

https://www.reuters.com/article/uk-factcheck-false-george-soros-claims-idUSKBN23P2XJ [reuters.com]

There's lots more proving you're a lying scumbag, but I think other readers here will get the point.

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[quantaman]

2 minute video where George Soros smiles when he remembers collaborating with the nazi's during the holocaust, betraying his fellow Jews for profit. "I had no problem at all", "I have no guilt working with the nazi's"

https://www.youtube.com/watch?... [youtube.com]

Wow, it's actually impressive how quickly neo-Nazis start flooding the story to attack Soros.

Like I know he's the alt-right Jewis.... oh sorry, "globalist" boogeyman, but is actually impressive to see the freak out in real time.

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[gorgieporgied]

Pff I'm not a neo nazi, I'm too lazy for that. First I'd have to buy a stormtrooper outfit with the nazi symbol, then iron it, then show up at some event and stand around all day with my hand raised or whatever? Seems more like some sort of cosplay to me. Way too much work. But when did being a cosplay neo-nazi become worse than being an actual nazi collaborator anyway? Just curious of your logic on that.

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[gorgieporgied]

Dang you're right, Hugo boss 1934 collection is stylish. https://i.imgur.com/V15cuQg.jp... [imgur.com] . If I ever get off the couch and become a neo nazi I'm going with the elite honor guard for sure.

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[quantaman]

Pff I'm not a neo nazi, I'm too lazy for that. First I'd have to buy a stormtrooper outfit with the nazi symbol, then iron it, then show up at some event and stand around all day with my hand raised or whatever?

No need, no one ever leaves their keyboard anymore. Just keep posting conspiracy theories about Jewish people who fight fascism and they'll send you your digital secret neo-Nazi decoder ring.

But when did being a cosplay neo-nazi become worse than being an actual nazi collaborator anyway? Just curious of your logic on that.

Well it depends on the kind of collaboration. If you're an adult and work with Nazis of your own volition to get ahead, then yeah, you deserve to be criticized, just like the folks collaborating with Russian fascist occupiers in Ukraine.

But do you really think a 13 year old Jewish kid in Nazi occupied Hungary would even

Re: George Soros Shills out in force

[Anonymouse Cowtard]

you've put a fact into context. They hate that. Why are you so unkind?

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[Anonymous Coward]

Funny, I recall left-wingers hating on Soros and globalization just about a decade ago, But if you do it now, you are on the far-right or something.

The Imperial March

[sound+vision]

This is the kind of headline that makes The Imperial March from Star Wars start playing in my head. You know, in a sort of parodic way.

How is it worth that much?

[thebeastofbaystreet]

$400m is a crazily high valuation for a bankrupt media company with very few assets to speak of.

Re:

[groobly]

Think of it as a goodwill payoff to vice for carrying their water for years. "You done good, boys. Here's to show our gratitude."

Hopefully, "The Vox" is next.

[Loki Prankster]

Buzzfeed and Vice have deservedly sunk. Now, the Vox and Huffpost should be next, as well as the Intercept. The woke media, with the political agenda, is apparently dying. Hopefully, the same fate will befall Fox, MSNBC and CNN. Joe Rogan, Megyn Kelly and Ben Shapiro have more viewers per episode than Sean Hannity.