Vice Media to Reboot with Savage Ventures Partnership” or “Savage Ventures to Revive Vice.com in Collaboration

In a recent development, Vice Media, known for its popular digital platform Vice.com, is set to make a comeback through a partnership with Nashville-based Savage Ventures. The terms of the deal have not been disclosed, but the collaboration aims to relaunch Vice.com, bringing back to life the edgy and provocative media brand that shut down its flagship site and cut hundreds of jobs in February. At its peak in 2017, Vice Media was valued at $5.7 billion, but accumulated debt led to its acquisition by a lender consortium led by Fortress Investment Group for $350 million in 2021. As part of the joint venture and strategic partnership, Savage Ventures will assist Vice in expanding its audience. However, digital assets related to Vice News are not part of the deal. This move is expected to accelerate Vice’s path to profitability and shift its strategic focus towards becoming a business-to-business content player.