Vice Media is expecting to miss a 2022 revenue goal by more than $100 million, according to people familiar with the situation, a blow for the new-media company as it pursues a sale
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Vice has sought a valuation of around $1.5 billion, according to people familiar with the sale process. The expected 2022 revenue miss could make it harder for the company to fetch that price. Vice Media, whose assets include Vice News, Motherboard, female-focused Refinery29 and Vice TV, was among a handful of media startups that raised money at high valuations several years ago, at a time when eyeballs and ad dollars were shifting toward digital media. The company was valued at $5.7 billion five years ago.
Also, Vice is several months behind on payments to a number of its vendors, according to other people familiar with the matter.
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