Disney is taking a $157 million write-down on Vice Media because the space is reportedly shedding 15% of its team

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Disney is taking a $157 million write-down on Vice Media because the space is reportedly shedding 15% of its team
Vice Founder and CEO Shane Smith and A&E Networks president and CEO Nancy Dubuc.

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Vice Founder and CEO Shane Smith and A&E Networks president and CEO Nancy Dubuc.

Disney is taking a $157 million write-down on its funding in Vice Media, the corporate launched in its fourth-quarter earnings notify Thursday.

told the Wall Avenue Journal at the time. This used to be besides to to a outdated stake Disney had in Vice alongside with Hearst and A+E Networks.

On Wednesday, the Journal reported that Vice plans to diminish its personnel as mighty as 15 % below unique CEO Nancy Dubuc. Sources told the Journal revenue had remained slightly flat for the year at roughly $600 million to $650 million and is now not astray to lose over $50 million for the year.