Vice Media Bubble Outburst Every Moment Disney Writes Downwards Well-Nigh Xl Per Centum Of Investment Afterward Three Years (Dis)

So much for novel media.
But Mr. Maus, if you lot annualize that it's exclusively grinding against you lot at 15% per year, much less than many hedge funds.

From The Wrap:

Decision comes every bit Vice is expected to freeze hiring together with demonstrate apartment revenue increment for 2018

Disney is taking a $157 1 1000 k write-down on Vice Media, roofing xl per centum of its investment inward the millennial together with Gen Z-focused media company as it struggles to grow its advertising revenue together with audience.

The Mouse House revealed the write-down deep inward the fine impress of its quaternary quarter profits issue on Th afternoon. The write-down comes 3 years afterward Disney poured $400 1 1000 k into Vice inward 2015, valuing the media fellowship at to a greater extent than than $4 billion.

Since launching inward 1994, Vice has expanded beyond its punk-rock Canadian roots into 1 of the preeminent novel media companies inward the basis — amongst a Bill Maher-produced serial on HBO together with its ain cable channel. But the write-down follows the Wall Street Journal reporting before this calendar week Vice is expected to convey inward $600 1 1000 k to $650 1 1000 k inward revenue this yr — signaling apartment increment from a yr agone — spell besides losing virtually $50 million. Vice is besides expected to shave fifteen per centum of its workforce through hiring freezes together with attrition, spell besides shuttering several of its digital verticals, the WSJ added.

Vice’s woes add together to the growing listing of digital media companies like BuzzFeed together with Mashable that are struggling to come across high expectations....MORE