![]() 27 - that coincided with the release of Vice’s fourth annual diversity, equity and inclusion report (which reveals, among other stats, that 65% of new hires in the company globally in 2022 were women), as well as the launch of their new brand campaign video (which can be viewed above) featuring a slogan that touts Vice Media as a company “For Everyone Else.” The company’s portfolio also includes Refinery29, the media and entertainment brand focused on women acquired in 2019 London-based Pulse Films and i-D, a digital and print style publication covering fashion, culture and design.ĭixon and Lokhandwala opened up to Variety in an interview Tuesday - among their first sitdowns since being named co-CEOs on Feb. The company’s five main business units are:, the Vice Studios film and TV production unit the Vice TV television network Vice News and creative agency Virtue. Vice has also been considering a $50 million content deal with a Saudi Arabian company that has unnerved some of the company’s journalists, according to the Times, whose late media critic David Carr once challenged Vice executives over the company’s brash reputation.Vice co-CEOs Hozefa Lokhandwala (left) and Bruce Dixon (right)/Image courtesy of Vice Media The New York Times recently reported that Vice has received takeover interest from Greek broadcast Antenna Group SA. A month earlier, Vice was said to be considering selling off pieces of the company, according to CNBC. The Wall Street Journal reported in June that a Black-owned media group has considered a deal for Vice. Schwab retired from Vice in 2018 after the company named Nancy Dubuc as its new chief executive, replacing co-founder Shane Smith. Vice hired James Schwab, a former Paul Weiss partner and chair of the law firm’s media and entertainment practice, as a co-president in 2018. Shearman, Treat’s former firm, advised Vice three years ago on its acquisition female-focused online publisher Refinery29 Inc. Paul, Weiss, Rifkind, Wharton & Garrison Davis Wright Tremaine Davis & Gilbert and Sullivan & Worcester have represented the company in litigation filed in US federal courts, according to Bloomberg Law data. Within the past year, Vice’s legal group has brought on former Jackson Lewis and Ropes & Gray associates Delonie Plummer and Emily Rossi as a global employment counsel and associate counsel, respectively. Treat played a key role in assisting Henry on his acquisition of the Red Sox in 2002. Treat, a former associate at Shearman & Sterling, was also once general counsel for baseball’s Miami Marlins, whose former owner is hedge fund billionaire John Henry. Treat joined Vice in 2018 after serving as general counsel for Madison Square Garden Co., owner of the NHL’s New York Rangers and NBA’s New York Knicks, as well as a holding company that controls MLB’s Boston Red Sox. The company has secured funding from billionaire George Soros, according to Variety. Variety first reported the move.įormer Obama speechwriter Jon Favreau and fellow former administration staffers Jon Lovett and Tommy Vietor started Crooked Media in 2017. Treat last week confirmed her decision to relocate from New York to Los Angeles in early October to become the first chief executive of Crooked Media. Harris and Treat worked together at Revlon, where the former was an assistant general counsel and the latter chief legal and administrative officer for the Ronald Perelman-owned cosmetics company that filed for bankruptcy in June. Harris is a former in-house lawyer at the Body Shop International Ltd. Harris left the studio fitness chain, which was hit hard by the pandemic, in early 2021. She previously spent nearly four years as general counsel at SoulCycle Inc. ![]() Harris also added her new job to her LinkedIn profile. An auto-response email message from Treat, Vice’s top lawyer for the past four years, said Harris has succeeded her. Harris and Vice didn’t respond to requests for comment. ![]() Vice instead raised $135 million from some existing investors. That tentative deal with technology investor Jack Leeney’s 7GC & Co. Vice last year considered a $3 billion SPAC merger of its own. raised a mere $16 million last year after going public by merging with a SPAC. Vice, a digital media and broadcasting company valued at $5.7 billion in 2017, has watched its price tag slip in recent years along with online rivals. ![]() Harris made the move after Packable Holdings LLC, a private equity-backed e-commerce platform that named her legal chief a year ago, filed for bankruptcy in August after a merger with a special purpose acquisition company collapsed. hired Maria Krasnikow Harris as chief legal officer, replacing Lucinda Kinau Treat, who left last week to lead Crooked Media Inc., a venture started by former staffers to President Barack Obama.
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