, a bet by the two digital-centric media companies they can create a stronger union together to reach youth-skewing audiences.
Brooklyn-based Vice has around 2,500 employees. Refinery29, headquartered in lower Manhattan, has under 400. Both companies in the past year have cut about 10% of their staffs, as they have faced the same challenges in hitting revenue and profitability targets that others in the digital-media space have.Group; Refinery29 will continue to operate as an independent brands. It’s not clear at this point how many layoffs will result from the combo.
Refinery29 co-CEOs and co-founders Philippe von Borries and Justin Stefano called the Vice pact a “transformational partnership” that will “allow our mission and business to flourish further.”
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vice Media in Final Stages of Talks to Acquire Refinery29Vice Media and Refinery29 have hammered out most of the details of a cash-and-stock deal to combine the two digital-media upstarts, a transaction that would add a large and female-skewing digital media company to Vice’s portfolio.
Source: WSJ - 🏆 98. / 63 Read more »
Vice is Wrapping Up Talks to Buy Refinery29Vice’s deal with Refinery29 seems to be driven by Vice’s desire to expand readership by adding Refinery’s female-skewing audience But...Vice just axed its female-focused vertical (Broadly), so, I dunno, this seems disingenuous SophRossss Perhaps if Vice wasn’t run by misogynists they would have more female readers? Ugh no
Source: TheCut - 🏆 720. / 51 Read more »
Announcing 2019 Women's Media Awards Honorees - Women’s Media CenterWe get to honor jkbjournalist, jovialjoy, Maria Grazia Chiuri, laurenembrey, GRITlaura, GayleKing, ZerlinaMaxwell, TheSamhita, maysoonzayid, and organizers of the QueridaFamilia campaign at the WMCAwards on 10/22! Learn about their work here: AmericaFerrera dianeguerrero__ EvaLongoria MonicaRamirezOH olguitasegura nakedwithadele DrLalibrahim amal_almesafri halimlounnas3 AmericaFerrera dianeguerrero__ EvaLongoria MonicaRamirezOH olguitasegura I would like to see Tilly Lockey thebionicgirl GiveTillyaHand on this list next year, if you don’t know about her now u soon will globaldomination MO_NEWYORK halimlounnas3
Source: womensmediacntr - 🏆 397. / 53 Read more »
John de Mol Exits as ITV Studios Restructures, Integrates Talpa Media“Big Brother” creator John de Mol is exiting amid a restructuring at ITV, the U.K. broadcaster that forked out £355 million ($436 million) for his firm Talpa Media. Variety understands that de Mol …
Source: Variety - 🏆 108. / 63 Read more »
Viacom International Media Networks Hires ITV Studios’ Maria Kyriacou As President, UK, Northern & Eastern EuropeViacom International Media Networks has hired ITV international exec Maria Kyriacou as President across the UK and Northern and Eastern Europe. Kyriacou will take over oversight of all its media ne…
Source: DEADLINE - 🏆 109. / 63 Read more »
Viacom Int'l Media Networks Hires ITV Studios Exec Maria Kyriacou for Top Europe PostAs president for VIMN U.K., Northern and Eastern Europe, she will have oversight of the company's media networks and related businesses in 33 European countries, including Britain's Channel 5.
Source: THR - 🏆 411. / 53 Read more »