Vice Media CEO Nancy Dubuc has resigned after five years at the helm.
The company is in the process of being sold for a reported $1B.
Vice Media is an American-Canadian digital media and broadcasting company. It became popular in the 2010s for posting viral videos online and grew to $1B in revenue in 2016.
- In recent years, however, the company has struggled to maintain popularity with younger demographics.
- Vice was valued at $5B in 2017, but recent reports claim that the company may be acquired by Antenna Group for $1.1B.
- The media company was unprofitable in 2022.
