Vice Media Acquires Refinery29.<br />'The Financial Times’ reports that the <br />deal was “mostly a stock transaction.”.<br />Having missed its profit targets last year, <br />Vice may be looking for new methods of <br />achieving future revenue goals. .<br />The move comes at a time when <br />many media companies are <br />consolidating in order to <br />increase digital ad dollars. .<br />Refinery29 launched in 2005 as an online fashion publication, but now reports news and tells stories from a millennial woman’s perspective.<br />The acquisition will expand Vice’s <br />controversial news coverage to <br />include more female-centric content.<br />We will not allow a rapidly consolidating media ecosystem to constrict young people's choices or their ability to freely express themselves about the things they care about most, Vice CEO Nancy Dubuc, via statement
