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Vice News Names Michael Learmonth Editor in Chief


Vice News Names Michael Learmonth Editor in Chief
The role has been vacant since 2019
Lindsey Ellefson | May 17, 2021 @ 9:08 AM
Getty Images
Michael Learmonth was named Vice News’ new editor in chief Monday, filling a role that has been vacant since 2019. He was promoted from news director, a job he held since 2016. Prior to that, Learmonth was a managing editor at the International Business Times.
Katie Drummond, senior vice president of global news for the company, made the announcement Monday in an internal note to staff.
“In my year working with him, I’ve been awed by both the neverending energy Michael brings to each day many of them punishing in recent months and his vision for both what Vice News should be now, and what it has the potential to become. I can’t wait to see where he takes it,” she said, adding that he will handle coverage across the Americas region, including Latin America, the U.S. and Canada. ....

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Do Retail Investors Want to Own Woke News Vice Media?


Do Retail Investors Want to Own Woke News Vice Media?
Posted on 05/11/2021
The once-edgy magazine Vice linked up with corporate investors over the past decade. Vice Media Group LLC is owned by capitalist private equity investors like TPG Capital and other corporate media like The Walt Disney Company and A&E Networks Group. Other investors include The Raine Group and Vice co-founder Shane Smith. Vice Media is valuing itself at nearly US$ 3 billion, including debt, far lower than its US$ 5.7 billion valuation before the TPG investment. News media properties are becoming less attractive for institutional investors and corporate owners. Recently, Verizon sold off a large portfolio of media assets (Verizon Media) to funds managed by Apollo Global Management, Inc. ....

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SPACs Hit Hard on Merger Monday


SPACs Hit Hard on Merger Monday
Four deals were announced, but performance was underwhelming. Given the overall market s bad day, it s no surprise 75% of pre-deal SPACs declined and now average $9.87.
Author:

Merger Monday returned with four new announced SPAC deals, but ultimately ended in a bit of a thud as all three SPAC stocks that announced this morning fell on the day. More broadly, 75% of Pre-Deal SPACs declined, closing at an
average of $9.87.
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LIV Capital (LIVK) -0.1% to $9.99
The deal selloffs came amid a broader market decline as well - so it s tough to attribute the lack of performance solely on deal conviction - yet most of newly announced deals have not been trading with much enthusiasm. However, as we ve been saying, given there are ....

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