Vice Media Acquires Refinery29
- 5 years ago
Vice Media Acquires Refinery29.
'The Financial Times’ reports that the
deal was “mostly a stock transaction.”.
Having missed its profit targets last year,
Vice may be looking for new methods of
achieving future revenue goals. .
The move comes at a time when
many media companies are
consolidating in order to
increase digital ad dollars. .
Refinery29 launched in 2005 as an online fashion publication, but now reports news and tells stories from a millennial woman’s perspective.
The acquisition will expand Vice’s
controversial news coverage to
include more female-centric content.
We will not allow a rapidly consolidating media ecosystem to constrict young people's choices or their ability to freely express themselves about the things they care about most, Vice CEO Nancy Dubuc, via statement
'The Financial Times’ reports that the
deal was “mostly a stock transaction.”.
Having missed its profit targets last year,
Vice may be looking for new methods of
achieving future revenue goals. .
The move comes at a time when
many media companies are
consolidating in order to
increase digital ad dollars. .
Refinery29 launched in 2005 as an online fashion publication, but now reports news and tells stories from a millennial woman’s perspective.
The acquisition will expand Vice’s
controversial news coverage to
include more female-centric content.
We will not allow a rapidly consolidating media ecosystem to constrict young people's choices or their ability to freely express themselves about the things they care about most, Vice CEO Nancy Dubuc, via statement