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17min chapter
The rise and fall of Vice Media
Decoder with Nilay Patel
The Financial Struggles of Vice Media and Failed SPAC Deal
This chapter explores Vice Media's challenges in attempting to go public through a failed SPAC deal, shedding light on the impact of automated advertising processes and competition with social networks for ad revenue. It discusses the company's financial struggles, including bankruptcies, layoffs, and missed acquisition opportunities, showcasing the need for a significant turnaround. Additionally, it delves into the involvement of TPG, Fortress investment group post-bankruptcy, and Vice's dealings with Saudi funding, raising questions about journalistic integrity and financial decisions.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode