Vice media spac tv#
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Vice media spac free#

“But, who cares, that’s what you call free speech. “The thing about Alex Jones is that some of us don’t like what he said,” Gray remarked. “He’s also been sued for billions of dollars over it.” “He has apologized for it,” Burguiere said.

“He (Musk) has been a hard no on Alex no matter what,” said Fisher. Musk announced recently that conspiracy theorist Alex Jones received a permanent ban on Twitter for his involvement in denying that the Sandy Hook massacre took place. “This whole thing that he’s the icon of free speech, I don’t know if that’s true,” added Burguiere. “We lose sight of this because he says things about free speech that I guess is exclusively a right-wing issue.”īurguiere said that Musk should be able to do anything that he wants with Twitter considering the amount of money he invested to purchase the company. “This guy should be a liberal icon,” stated Burguiere. Jeff Fisher joined Pat Gray and Steve Burguiere aka Stu, on the “Glenn Beck Show ” Monday to discuss some of the latest developments involving Twitter including owner Elion Musk banning conspiracy theorist Alex Jones.īurguiere said it’s strange to see how left-leaning pundits have demonized Elon Musk following his acquisition of Twitter. Last week, CBS News said it was halting its activity on the platform amid layoffs and resignations at the company.

Vice media spac tv#

It could try to raise more capital, but it will be difficult to convince investors of its prospects if it can’t complete a sale, he said.Blaze TV hosts are reacting to the ongoing controversy involving Twitter. Some of Vice’s assets, including its studio and Virtue, its advertising agency, have reportedly interested buyers, according to the Times. It could sell itself in pieces, which the company explored last year but ultimately abandoned, favoring selling itself as a whole. If Vice can’t complete a sale, it has a few options. In this depressed climate for advertising, there are fewer media companies interested in acquisitions, Stanford said. Fortress didn’t immediately respond to a request for comment.

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. 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. Vice did not respond to an interview request. 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.” As a lender, Fortress will be one of the first groups paid when Vice sells. Previously, Josette served as Vice Chair of the World Economic Forum. shareholder of Hemisphere Media Group, Inc., itself the result of a SPAC. “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. In preparations for the SPAC merger, Tony was asked to join the board and. Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. Vice reportedly missed its 2022 revenue goal of $700 million by $100 million, according to the Journal. Digital-news outfit Vice Media is eyeing a 3 billion SPAC merger half its worth 4 years ago, report says Shalini Nagarajan Vice Media CEO, Nancy Dubuc. It is now seeking $1 billion to $1.5 billion in a sale but could earn less, according to CNBC. It pursued going public through a $3 billion merger with a special-purpose acquisition company but tabled talks after raising additional funding. Lupa Systems and TPG are among those putting fresh cash into the media company as SPAC plans stall for now. In 2017, it was valued at $5.7 billion, a figure based on venture capital funding. Vice Raises 135M in Funding From James Murdoch Firm, Existing Investors. Vice Media Group, popular for websites such as Vice and Motherboard, filed for bankruptcy protection Monday to engineer its sale to a group of lenders, capping years of financial difficulties and top-executive departures. Vice had previously talked with other SPACs, including one. Vice’s fortunes have declined in recent years. Vice Media Files for Chapter 11 Bankruptcy. Vice Media is in advanced talks to merge with 7GC & Co Holdings, a special purpose acquisition company led by tech investor Jack Leeney, according to people familiar with the situation, the latest step in the media firm’s hopes of going public via a SPAC merger.