Vice News looks to add to newsroom heading into 2020 election season
Vice News is expanding its digital news desk as the company moves forward on its plans to focus on a handful of core business areas including news, TV, digital, studio production and Virtue.
Heading into the 2020 election, Vice News has hired seven new people to its digital news operation, including Kate Osborn as head of audio for Vice News and the publisher’s digital team, and Cameron Joseph as senior politics reporter, according to a memo to staff sent by Ryan McCarthy, editor-in-chief of ViceNews.com. Vice News is still looking to fill two new positions on its politics beat, including a position for senior politics editor, as the newsroom ramps up for 2020 election coverage, McCarthy said in the memo.
In addition to politics coverage, Vice is also building out its digital audio team led by Osborn, the spokesperson said.
The hires are part of Vice Media CEO Nancy Dubuc’s plans to invest money in five core business areas, following a round of layoffs earlier this year meant to reduce costs and put Vice on a path toward sustainable profits. Vice’s January layoffs resulted in a 10% reduction of its global workforce.
A Vice spokesperson declined to state the exact number of new hires Vice Media is planning to make within its newsroom in 2019, but said Vice News plans to staff up “significantly.”
Other key business initiatives for Vice Media include its Vice Studios business, which develops and sells films and TV series to other companies. For instance, at the Sundance Film Festival, Vice Media made news for selling “The Report,” a feature film starring Adam Driver and Jon Hamm, to Amazon for $14 million. Vice was also one of the producers behind a Fyre Festival documentary series on Netflix. In total, Vice Studios has 60 projects in some stage of development, according to The New York Times.
Vice Media’s revenues were reportedly between $600 million and $650 million in 2018. The company recently also raised $250 million in debt, adding to the $1.4 billion it had raised previously. Around the same time, Disney, one of Vice’s biggest investors, wrote down another $353 million of its investments in Vice Media. Disney had put $400 million in the company, which does not include investments in Vice made by A+E Networks, which Disney has a stake in, and 21st Century Fox, which Disney now owns.
Image by Cassandra Giraldo and Vice News
In graphic detail: Publishers’ full year 2022 earnings
Looking back at 2022, the hits to publishers' revenue were partially staunched, but by the end of the year nearly all areas of the business felt the impact of the economic downturn.
‘It has to be built in’: How agencies strive to advance their diversity goals
There often is no blueprint for diversity in the corporate world, and many initiatives at media agencies have been works in progress over the last few years.
Publishers tout generative AI opportunities to save and make money amid rough media market
Generative AI technology will be an area of focus for some media companies this year as they work to cut costs and find new revenue opportunities amid a tough media market.
SponsoredBrands are optimizing video production to drive user acquisition
Sponsored by QuickFrame by MNTN With brands increasingly investing in video ads on social media, marketers are enhancing their video production capabilities to unlock growth on Facebook and Instagram. Especially urgent in an uncertain economic climate, brands must minimize production costs while creating a high enough volume of social media videos to identify the creative […]
Digiday+ Research: Video ads are a growing business for publishers large and small
Video advertising's potential rings most true among small publishers, while data points to video advertising already reaching its potential among large publishers — but also not, at the same time.
How The Guardian’s Luis Romero is selling the legacy U.K. publication in the U.S.
The Guardian U.S.'s Luis Romero is working to grow the U.K.-based publishers' ad business in North America while combating the pervasive brand safety problem facing all news publishers.