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UNIS:VIC, Jan 21, 04:45 UTC

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Friday, November 30


News

Vice reporter must give RCMP material about accused terrorist: Supreme Court - 680 NEWS

VIC

A Vice Media reporter must give the RCMP material he gathered for stories about an accused terrorist, the Supreme Court of Canada has ruled in a case that pitted press freedoms against the investigative powers of police. In its 9-0 ruling Friday, the high court said the state’s interest in prosecuting crime outweighed the media’s right to privacy in gathering the news when all the factors in play were taken into account. Vice Media said the decision made it a “dark day for press freedom,” and Martin O’Hanlon, president of media union CWA Canada, said he was “devastated.”. This puts a real chill now on the ability of journalists to do their job with sources — because what source now is going to speak to a journalist knowing that their information can be handed over to the police?”.

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Canada's top court rules Vice must hand over source information

VIC

Canada's top court has ruled that Vice Media must hand over its communications with a suspected terrorist to police. The Supreme Court says that a Royal Canadian Mounted Police's production order seeking those communications "was properly issued and should be upheld". On Friday, in a unanimous decision, the Supreme Court came down on the side of the RCMP, saying the force's order strikes "a proportionate balance" between the rights of the press to gather information without undue interference from government and the needs of police to investigate serious crimes. Following their publication, the RCMP came seeking access to all communications Vice had with Mr Shirdon as part of their criminal investigation into the terror suspect.

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News

Vice reporter must give RCMP material about accused terrorist: Supreme Court - 680 NEWS

VIC

A Vice Media reporter must give the RCMP material he gathered for stories about an accused terrorist, the Supreme Court of Canada has ruled in a case that pitted press freedoms against the investigative powers of police. In its 9-0 ruling Friday, the high court said the state’s interest in prosecuting crime outweighed the media’s right to privacy in gathering the news when all the factors in play were taken into account. Vice Media said the decision made it a “dark day for press freedom,” and Martin O’Hanlon, president of media union CWA Canada, said he was “devastated.”. This puts a real chill now on the ability of journalists to do their job with sources — because what source now is going to speak to a journalist knowing that their information can be handed over to the police?”.

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Vice Media (UNIS:VIC) social chatter is higher than usual

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Supreme Court rules Vice Media reporter must share ISIS notes with police https://t.co/SoyFesahxk
News

Reporter must give RCMP material about accused terrorist: Supreme Court

VIC

A Vice Media reporter must give the RCMP material he gathered for stories about an accused terrorist, the Supreme Court of Canada has ruled in a case that pitted press freedoms against the investigative powers of police. In 2014, reporter Ben Makuch wrote three articles about the involvement of Farah Mohamed Shirdon, formerly of Calgary, with the Islamic State of Iraq and the Levant. In its arguments, the Crown called the test a principled and flexible framework intended to curb any potential chilling effect that an order might have on the ability of the media to do its work. Although the Supreme Court was unanimous in dismissing Makuch’s appeal, the judges provided two distinct sets of reasons. Justice Michael Moldaver said on behalf of the majority that the framework continues to provide a suitable model for considering applications for search warrants and production orders relating to the media, though certain elements should be tweaked. Even then, Moldaver wrote, the production order for Makuch’s materials should stand because disclosure of the materials would not reveal a confidential source, no “off the record” or “not for attribution” communications would be disclosed, there is no alternative source through which the materials could be obtained, and Shirdon used the media to publicize extremist views.

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Monday, November 12


News

Vice Media Chief Creative Officer Tom Punch Exits to Join Spring Studios

VIC

Tom Punch, Vice Media’s global chief creative and commercial officer, has left the media company after six years to join ad agency Spring Studios. In the new role, Punch reports to Spring Studios CEO Richard Yaffa. His departure from Vice comes after a series of senior-executive changes at the company — including the naming of Nancy Dubuc, formerly CEO of A+E Networks, as chief executive this spring. He led the company’s internal agency, called Virtue, which worked with brands including Netflix, Lululemon, L’Oréal, Budweiser, McDonald’s, Unilever, Samsung, YouTube and Google.

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Friday, November 09


News

[$$] Disney writes down $157m of investment in Vice Media

VIC DIS

Disney wrote down $157m of its investment in Vice Media, the latest sign of trouble for the youth-focused media company. In the fine print of its quarterly earnings release, Disney said the Vice write-down weighed on its earnings for the year. Vice, which began as a punk magazine in Montreal, grew into a global media company valued at more than $5bn with the backing of powerhouse investors such as Disney and 21st Century Fox.

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Disney Takes $157 Million Write-Down on Vice Media Investment

VIC DIS

Disney already owned a stake in Vice via A+E Networks, a joint venture of Disney and Hearst that invested $250 million in Vice in 2014. Vice, which began as a punk magazine in Montreal in 1994, has over the years grown into an unwieldy business with 3,000 employees across 39 offices around the world and units devoted to digital, music, film and television production, a cable TV network and news reporting. Along the way, it raised billions in funding from the likes of Disney, 21st Century Fox and TPG, boosting its valuation to $5.7 billion. But the company is still unprofitable, Dubuc revealed in an interview with The Hollywood Reporter. The company is said to be on track to lose $50 million this year, per a report in The Wall Street Journal, and make between $600 million and $650 million in 2018.

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Thursday, November 08


News

Disney is taking a $157 million write-down on Vice Media as the site is reportedly laying off 15% of its staff

VIC DIS

Disney is taking a $157 million write-down on Vice Media as the site is reportedly laying off 15% of its staff. Disney is taking a $157 million write-down on its investment in Vice Media, the company announced in its fourth-quarter earnings report Thursday. Disney had originally invested a reported $400 million in 2015 at a valuation between $4 billion and $4.5 billion, sources told the Wall Street Journal at the time. On Wednesday, the Journal reported that Vice plans to cut its workforce as much as 15 percent under new CEO Nancy Dubuc. Sources told the Journal revenue had remained fairly flat for the year at roughly $600 million to $650 million and is on track to lose over $50 million for the year.

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Vice plans up to 15 percent staff cuts

VIC

Many news media outlets are embracing digital models to grab eyeballs and stay competitive—but even digital-first publications are struggling. On Wednesday, The Wall Street Journal reported that Vice Media plans to cut its staff by up to 15 percent, due to declining readership and revenue. … Vice Chief Executive Nancy Dubuc plans to move the company's emphasis from those types of online content sites and focus on more profitable areas, such as its ad agency, Virtue World Wide, the Journal reported. A few years ago Vice was a media darling because of its ability to attract young male millennials to its content, which lead to investment from or partnerships with media giants like Walt Disney, 21st Century Fox, and HBO. But in the last few years, Vice has struggled along with other new media companies.

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