There was a shake-up within the digital division of Vice Media on Tuesday.
Jonathan Smith, a Vice veteran who had been the editor in chief of Vice.com for the final three years, was let go, together with the positioning’s managing editor, Rachel Schallom. In their place, the corporate introduced, Erika Allen, a Vice Magazine alumna who was most lately a senior editor at New York Magazine’s The Cut, was named the positioning’s govt managing editor, and different editors took on expanded roles.
Katie Drummond, who was named Vice’s senior vice chairman for digital in March after a stint as deputy editor at Medium, stated she had been attracted by the likelihood for progress.
“The appeal to me is very clear,” she stated in an interview Tuesday. “This is a brand that can be fearless, tell big stories, has a global reach, attracts emerging talent.”
The firm is certainly increasing, having posted listings for roughly a dozen extra editorial jobs, together with a options editorial director, an opinion editor and an “authoritarianism reporter.” Ms. Drummond added that the restructuring of Vice.com, with varied editors heading up groups of reporters, meant there have been no plans to call a brand new editor in chief of the positioning.
The modifications are a part of Vice Media’s effort to turn out to be worthwhile after a rocky interval throughout which the corporate laid off 10 p.c of its employees and positioned a number of Vice websites beneath the Vice.com umbrella.
Vice Media additionally lately introduced that it had raised $250 million in debt funding from buyers together with the billionaire financier George Soros. The Walt Disney Company, which invested greater than $400 million in Vice Media for 1 / 4 of the corporate, stated in a securities filings this yr that it doesn’t anticipate to get a return on that funding.
At one level, Vice Media was valued as a lot as $5.7 billion, and its chief govt, Nancy Dubuc, stated late final yr that it will be worthwhile by the subsequent fiscal yr, however its fortunes have fallen as web giants proceed to gobble up the majority of on-line advert income.
Vice Media has additionally tried to enhance its office tradition since a New York Times investigation in December 2017 reported mistreatment of women at the company, with more than two dozen employees saying they experienced or witnessed sexual misconduct there.
Vice has lately focused on its studios division, which produces video content for streaming sites; “Vice News Tonight” on HBO; and its own cable channel, Viceland.
Ms. Drummond said she saw the website having a symbiotic relationship with the other departments. She noted that Vice’s reporting on the Fyre Festival, the woebegone Caribbean mega-concert two years ago, helped the company produce a popular documentary, “Fyre,” that ran on Netflix.
“Everything complements everything,” Ms. Drummond said.