Vice Media Raises $250 Million in Debt From Group of Investors Including George Soros

▤ Summary

The Brooklyn-based media company had been looking to raise additional capital in recent months as it saw its growth stall, leading the once-hot upstart to shrink its workforce by 15%, The Wall Street Journal previously reported. Ms. Dubuc took over for co-founder Shane Smith last May in the wake of reports of sexual harassment at the company that led to apologies from Vice for what it called its “boys club” culture. The new CEO is moving Vice’s emphasis away from the online content that made it popular with its young users. Instead, Ms. Dubuc has been focused on areas of growth at the company, including its in-house advertising agency, Virtue. Guggenheim Securities LLC and Shearman & Sterling LLP served as advisers on the debt investment.

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