A+E Networks CEO Nancy Dubuc is set to become the next CEO of Vice Media, taking over from Vice Media co-Founder Shane Smith, following multiple sexual harassment allegations at the company.
In the leaked memo, Smith confirmed that he would be stepping down.
As reported by Breitbart Tech Senior Reporter Allum Bokhari in 2016, though Vice Media has received hundreds of millions of dollars in investment from companies as big as Disney, their website traffic, as well as the ratings of its cable television network Viceland, have been in constant decline.
Viceland, its cable TV network, bombed on launch.
More recently, Vice Media has also been at the center of many sexual harassment, misconduct, and abuse scandals.