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Vice Media Taps NBCU Veteran Adam Stosky as CEO; Former Chief Exec Bruce Dixon Exits

Vice Media, the once high-flying media company, has recruited a new CEO: Adam Stotsky, who spent nearly two decades at NBCUniversal and was president of Dick Clark Productions. The company also announced that Bruce Dixon,
Vice Media has appointed Adam Stosky, a former NBCUniversal executive, as its new CEO, succeeding Bruce Dixon who has left the company. Stosky, who most recently served as president of global advertising and partnerships at NBCUniversal, will now lead Vice Media as it navigates through a period of financial restructuring and potential sale. This leadership change comes as Vice Media faces challenges, including a significant debt load and the need to adapt to a rapidly evolving media landscape. The company, once valued at $5.7 billion, is currently in the process of being sold, with a group of its lenders, including Fortress Investment Group, Soros Fund Management, and Monroe Capital, having submitted a $225 million bid to acquire it.

Read the Full Variety Article at:
[ https://www.msn.com/en-us/money/companies/vice-media-taps-nbcu-veteran-adam-stosky-as-ceo-former-chief-exec-bruce-dixon-exits/ar-AA1GParb ]