Friday, March 29, 2024

Murdoch takes a slice of Vice

Section:

Rupert Murdoch invests $70 million into Vice

 

Rupert Murdoch’s Twenty-First Century Fox, Inc. has just taken a slice of Vice. No, the billionaire’s not put his money into prostitution but instead – for those who haven’t heard of it – he’s invested in a local magazine business that has grown into an alternative media empire now valued at $1.4 billion.

 

Vice co-founder and CEO Shane Smith
Vice co-founder and CEO Shane Smith

Vice Media, which remains 75% owned by its existing senior management, was founded in 1994 in Montreal. A government funded print edition community magazine when it opened, the business evolved rapidly into an online lifestyle title focused on international arts, culture and news topics. Vice’s focus is primarily on youth culture and its style is very much of the gonzo school.

 

In addition to Vice.com, which grew from 2,000,000 to 15,000,000 monthly users last year, the company has its own record label, advertising agency and HBO television series. The business has 35 offices in 18 countries and is headquartered in Brooklyn, New York.

 

Prior to today’s announcement, “hard-living, hard-partying” Shane Smith, Vice’s chief executive and co-founder, has variously stated:

 

“[Our] overall goal is to be the largest network for young people in the world… I want us to be the next MTV, ESPN and CNN rolled into one… We have set ourselves up to build a global platform”.

 

Many may have written Rupert Murdoch off but given his acceptance and embrace of the substantive growth in online media, this 82-year old has again shown that his finger is still very much on the pulse.

 

 

Subscribe to our free once daily email newsletter here:

    The Steeple Times
    The Steeple Times
    We research and background check our articles. If you believe we have made and error in some detail please get in touch, we seek always to write the truth and stand against a press owned by a self selected few. Please help us, we will accept all your likes, subscriptions and anonymous suport. The Editor and his team at the Steeple Times.

    2 COMMENTS

    1. Although I have seen a few documentaries of theirs, I never realised they were so big.
      But Roop seams a strange kind of bedfellow; given Vice’s philosophy. Thanks.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    £1 per week Supports The Steeple Times

    Help journalism to remain honest & independent. You can make a difference to the world today.

    3,573FansLike
    2,068FollowersFollow
    16,731FollowersFollow
    4,962SubscribersSubscribe

    Subscribe For DAILY NEWS

    Please subscribe, like and share this unique site, it helps us tremendously. The Steeple Times in return will send you an email at noon each and everyday, that we sincerely hope you will enjoy & look forward to seeing in your inbox.

    AD
    Advertisement

    Trending Now

    Getting One’s Goat – A Cheesy Conundrum – Goat vs Goats vs Goat’s vs Goats’ Cheese

    Matthew Steeples explores conundrum of how to describe cheese made from goat’s milk and shares thoughts of Susie Dent to Alan Rusbridger, Christine Hamilton, Jay Rayner, Matthew Jukes, Mic Wright, Nigella Lawson, Matthew Wright, Tom Parker Bowles and Samantha Markle on goat cheese.

    Most Popular Articles

    The Phil & Matt Show

    Phillip Schofield filmed smoking shisha with his alleged ex-lover Matt McGreevy (and pictured in bed thereafter); another image shows the pair together in photograph...

    Was Mucky Minx Meghan Markle A ‘Yacht Girl’ For ‘Randy Andy’?

    As author Kirby Sommers suggests that the then Meghan Markle likely spent time with Prince Andrew and Jeffrey Epstein before she met Prince Harry, we again highlight the mucky, murkiness and mendacious manner of this alleged “yacht girl.”

    SchofieldLite

    ‘Politicalite’ suggest Phillip Schofield orchestrated his ‘mass coming out’ after a former ‘This Morning’ runner had gone to the press about a supposed relationship...

    Meddling Meghan Markle Expose – Attwood, Hopkins & Steeples

    Expose interview with Matthew Steeples by Shaun Attwood and Jennifer Hopkins about the former Meghan Markle watched over 73,000 times in 16 hours since it aired; Steeples condemns hapless Prince Harry and his meddling menace wife.

    Ampika Pickston

    Oldham born divorcee and former glamour model Ampika Pickston describes herself as “feisty, fun loving and warm hearted”. Now based in Hale Barns, Cheshire...

    Justice for James Scurlock

    Power of social media proven after senseless killing of James Scurlock in Omaha, Nebraska allegedly by a controversial bar owner named Jake Gardner who has been photographed with Donald Trump.

    Nasty NestSeekers

    Entitled Hamptons brat Jonathan Davis exposed for allegedly squatting in Sag Harbor during the coronavirus lockdown; it turns out he’s a realtor with NestSeekers.
    [td_block_6 custom_title="Most Liked..." sort="popular7"]