Reboot at Vice Media as co-founder Shane Smith steps down

March 13, 2018
Nancy Dubuc will leave A+E Networks to become CEO at Vice Media, taking over from co-founder Shane Smith, who will become executive chairman at the youth-oriented digital media group

Vice Media announced Tuesday that co-founder Shane Smith was giving up his position as chief executive, as the youth-oriented digital group sought to move past recent turbulence.

Vice, whose image has been battered by recent reports of , named television industry veteran Nancy Dubuc as its new CEO.

Smith will remain at Vice as executive chairman and focus on "strategic deals and content development," according to a statement.

Smith said the company chose Dubuc because "she is better than me at everything" and the move "allows me to move to executive chairman, where I can concentrate on the only things that I am good at—content and deals."

The move marks a significant change for Vice, which was founded in 1994 as a Canadian magazine and grew into an online media group with news websites and television operations, and is valued at some $5 billion.

Dubuc has been president and CEO at the cable TV group A+E, jointly owned by Walt Disney and Hearst Corp.

A+E is already a media partner and stakeholder in Vice, which has also seen investments from Comcast's NBCUniversal, 21st Century Fox and others as it expands globally.

Vice has cultivated a "bad boy" image as it has expanded rapidly in the US and abroad, but it also has been tainted by reports of sexual harassment.

The disclosures prompted a number of high-level departures at Vice and an apology from the company.

Smith said of the CEO change: "As we go forward Vice needs a best-in-class management team to harness all of this growth and control our own destiny, whether it be staying independent, strategically partnering with someone or going public."

Dubuc said: "Shane and the team at Vice have done what all of us aspire to do—build a brand and make content that people really care about."

She added that Vice "speaks to a generation that defines today's cultural conversation, and the opportunity to partner with all of the incredibly creative people across the entire company was one of those rare moments in a career."

Explore further: Vice Media to push global expansion with new funds

Related Stories

After big expansion, Vice Media retrenches

May 25, 2016

Vice Media, the fast-growing online group that raised hundreds of millions of dollars as it expanded its no-holds-barred news operation, has begun retrenching.

Recommended for you

World's biggest battery in Australia to trump Musk's

March 16, 2018

British billionaire businessman Sanjeev Gupta will built the world's biggest battery in South Australia, officials said Friday, overtaking US star entrepreneur Elon Musk's project in the same state last year.

1 in 3 Michigan workers tested opened fake 'phishing' email

March 16, 2018

Michigan auditors who conducted a fake "phishing" attack on 5,000 randomly selected state employees said Friday that nearly one-third opened the email, a quarter clicked on the link and almost one-fifth entered their user ...

Origami-inspired self-locking foldable robotic arm

March 15, 2018

A research team of Seoul National University led by Professor Kyu-Jin Cho has developed an origami-inspired robotic arm that is foldable, self-assembling and also highly-rigid. (The researchers include Suk-Jun Kim, Dae-Young ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.