by Carl M. Cannon For the American media, 2024 has been a fiasco. And it’s still only February. Nine days into the new year, highly respected Los Angeles Times editor Kevin Merida resigned rather than tolerate another round of layoffs and the meddlesome ways of a billionaire publisher and his…
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Soros Fund Management (SFM) and other investors will buy Vice Media for about $225 million after the media company filed for bankruptcy protection Monday.
The digital media company was once valued at $5.7 billion, but is now relying on funds from bidders to continue operations until its sale is finalized in the next two to three months, according to a Monday press release. SFM was founded and is chaired by left-wing billionaire and philanthropist George Soros and is the principal asset manager for the Open Society Foundations, of which Soros is the founding chair.
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