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Reblogged by jsonstein@masto.deoan.org ("Jeff Sonstein"):
whatescapes@journa.host ("Andréa Schmidt") wrote:
Vice has filed for bankruptcy - and a group of lenders is poised to buy it for $225 million. Its founder, Shane Smith has reportedly taken more than $100 million out of Vice. And yet somehow the lenders see a continued role for him at the company. Wild. Vice is less a cautionary tale about relying too heavily on social media platforms for revenue and more evidence that in media the loudest, most shameless con artist and bully in the room always gets away with it.
https://www.nytimes.com/2023/05/15/business/media/vice-bankruptcy.html?smtyp=cur&smid=tw-nytimes