Tuesday, April 5, 2011

Vice magazine sells minority share to finance its jets

We thought it was already supersonic. Vice magazine co-founder Shane Smith told the New York Times that it was time "to turn on the jets". Which is why the magazine raised "in the high eight figures" by selling a minority share to MTV founder Tom Freston, ad firm WPP and The Raine Group. The deal, according to the Times, was brokered by super-agent Ari Emanuel. The hipster culture magazine, which

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