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How Vice Went From New Media Giant to Saudi Propaganda Machine Simon Childs: In May, youth media company Vice, famed for its balls-to-the-wall style of gonzo journalism, filed for bankruptcy. It was a hard fall for a company once valued at $5.7bn – a tale of corporate hubris worthy of a Vice documentary. The upstart company whose founder Shane Smith once told "legacy" media to "go to hell, quite frankly" was, quite frankly, going to hell. In 2013, not long after I started working for Vice, which I left in 2022 to join Novara Media, Smith celebrated the company's break-neck expansion with typical braggadocio: he stripped naked and walked around talking to employees at the New York office for a video to mark Vice getting 2,000,000 YouTube subscribers. A decade later, it was just the latest new media company that had failed to turn its large audience and billions of dollars of investment into a viable business. CONTINUE READING ➡︎ Picks of the week... REPORT Solicitor Brings 'Unfair Dismissal' Claim Against Law Firm Run by His Own Mother by Polly Smythe A union organiser has described her 'shock' at the 'cold and callous' actions of Biscoes Solicitors. Read more... REPORT Company Received Hundreds of 'Critical' Safety Warnings Before Oil Spill by Andrew Kersley Oil firm Perenco had 237 outstanding safety critical notices from regulators months before it leaked 200 barrels of oil into an environmentally protected zone. Read more... READ MORE ON NOVARAMEDIA.COM ➡︎ Fund something better. BACK INDEPENDENT, TRUTHFUL MEDIA ➡︎ The British media isn't meant to keep us informed. It isn't about relaying facts or providing useful context. It doesn't seek to tell the truth. More often than not it exists to serve the rich and powerful. But we are people-powered. You fund us: viewers, readers and listeners who have chosen to back truthful, independent media. We're not susceptible to trend-led, profit-driven corporate partnerships. We're not vulnerable to the whims of venture capitalists. Our work is possible because of you. Help us build people-powered media. Donate one hour's wage per month - or whatever you can afford - today. Copyright © 2022 Thousand Hands Ltd. All rights reserved. Thousand Hands Ltd is a private company limited by guarantee registered in England and Wales #11245029. Its registered address is 10 Bridge Street, Christchurch, BH23 1EF. Novara Media is a trading name of Thousand Hands Ltd and, as such, the individual shall have no personal liability arising out of such communication, and liability or obligation rests solely with Novara Media. Opinions or advice contained in this email are subject to the terms and conditions set out in the relevant terms of business and are not necessarily agreed or authorised by Thousand Hands Ltd. We have taken all reasonable precautions to ensure that no viruses are transmitted from Novara Media to any third party. Novara Media accepts no responsibility for any loss or damage resulting directly or indirectly from the use of this email or the contents. Novara Media is regulated by IMPRESS, the independent press regulator.

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