Vice Media Names Nancy Dubuc as CEO, Replacing Shane Smith

Dubuc is also a board member at Vice Media

Dubuc is also a board member at Vice Media

Three years ago, Dubuc began working with Smith when A&E launched Viceland, Vice's channel, which replaced H2 at the network.

Smith will likely remain at Vice Media, possibly as the company's chairman, according the New York Times.

A day after her departure from A+E Networks as president and CEO was made public, Nancy Dubuc has been confirmed as the CEO of Vice Media.

"Why Nancy Dubuc? Simply put, because rarely in business do you get to work in a flawless partnership", said Smith in a statement. "First off, she is better than me at everything". Second, it allows me to...concentrate on the only things that I am good at-content and deals.

Smith said that the hiring of Dubuc will put Vice Media in position for the next phase of growth. "Lastly, I get to work with one of my best friends and media heroes".

Smith has long talked about his desire to step away from day-to-day management and focus more on content and deal-making, as he told the Financial Times in 2015.

The playboy news tycoon - under pressure over accusations of a toxic "bro culture" that has fostered a slew of complaints about sexual misconduct at the millennial news outlet - nevertheless said Tuesday he will continue to play an active role at the helm as its executive chairman. In late January, Vice said Chief Digital Officer Mike Germano, who had been on leave during an internal investigation after he was named in the Times story, would not be returning.

Vice will be hosting a town hall in Brooklyn on Friday to introduce Dubuc to staff.

"Shane and the team at Vice have done what all of us aspire to do - build a brand and make content that people really care about", said Dubuc. Last month, the company reported that it missed its 2017 earnings target by $100 million.

Dubuc called it one of the rare moments in a career to work with the creative people at Vice.

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