Vice Media to Relaunch Digital Products in Partnership with Savage Ventures [Yahoo! Finance]
Monroe Capital Corporation - Closed End Fund (MRCC)
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Source: Yahoo! Finance
The new partnership will see Savage Ventures investing “tens of millions of dollars,” into the joint venture, where Vice will have branding control without complete management responsibility. The structure will allow Vice to continue to transition into a media company structured around a studio model. This marks the first efforts by Vice Media to re-establish its digital brand after a tumultuous year for the company. Vice was sold to a Fortress-led consortium for million in July 2023, including owners Soros Fund Management and Monroe Capital. The acquisition of Vice came after a tumultuous financial year for the digital media outlet, where the company filed for Chapter 11 that May. Savage Ventures was one of the companies that explored buying Vice out of bankruptcy. Then in February, Vice Media shuttered its news operations , laying off several hundred staffers and transitioning to a “studio model,” partnering with “established media companies to distribute our digital content,
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MRCC
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- 5/8/24 - Miss
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- 3/13/24 - Ladenburg Thalmann
MRCC
Sec Filings
- 5/13/24 - Form DEFA14A
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- MRCC's page on the SEC website