The multimedia empire's chief executive on video journalism, North Korea – and why he won't be taken over by a big rivalShane Smith stayed up late getting drunk with one of his presenters, and now he is exhausted, hungover and behind schedule. Bottles of spirits stand, taunting him, from a table in the opposite corner of an office at Vice Media's headquarters in Brooklyn's voguish Williamsburg neighbourhood, while he slumps in a brown leather armchair.The bearish 44-year-old chief executive seems about as pleased to have an interview in the diary as a boy faced with a plate of broccoli. "I go to bed late and I get up early," he mumbles into his beard. But after an orange juice he soldiers on, sleepily repeating his proud sales pitch for the company estimated to have made him some $400m.Founded 20 years ago by Smith and two friends in Montreal as a scrappy youth magazine, Vice has since mutated into a buccaneering multimedia empire spanning an eclectic website, a TV show, a film production house, an advertising agency and a record label. While other media firms rooted in print continue to struggle, it is forecast to make $125m in profit on half-billion dollar revenues this year.This week it launches its latest online venture, Vice News, a more focused outlet for the kind of video journalism that has recently earned Smith and his team at the much-lampooned "hipster bible" some grudging respect as the unlikely champions of proper, on-the-ground foreign reporting and gritty... Continue reading at 'The Guardian'
[ The Guardian | 2014-03-02 00:00:00 UTC ]
Time Warner Inc. released its second-quarter results today, posting its highest growth rate since third quarter 2007. Overall revenues rose 10 percent to $7 billion compared to same period 2010. Its publishing division also did wellTime Inc. boosted revenues 3 percent for the quarter, with... Continue reading at Folio Magazine
[ Folio Magazine | 2011-08-03 00:00:00 UTC ]
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The Huffington Post Media Group, AOL's fast-moving content unit, is launching a celebrity site called HuffPost Celebrity today, as well as another called HuffPost Culture. HuffPost Celebrity, which ate AOL's former celeb-focused site Popeater, is in a very crowded arena online, with competitors... Continue reading at AllThingsD
[ AllThingsD | 2011-07-11 00:00:00 UTC ]
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Richard Desmond is in talks with US media giant Time Warner about the possible sale of the US edition of celebrity OK! magazine, sources have confirmed. Continue reading at Media Week
[ Media Week | 2011-06-06 00:00:00 UTC ]
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Time Warner Inc. has released their 2011 first quarter results, with the period ending on March 31, 2011. Continue reading at Folio Magazine
[ Folio Magazine | 2011-05-04 00:00:00 UTC ]
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