Vice Media is likely to miss its revenue target for the year by more than $100 million, reflecting little or no growth for the digital media outlet as it attempts to sell itself.
Vice projected it would bring in $700 million earlier this year. But The Wall Street Journal reported Tuesday, citing people familiar with the situation, that it is now is eyeing about $600 million. That would leave it well short of the $680 million it brought in last year.
The miss would come as the parent of Vice News, Vice TV, Refinery29 and Motherboard is shopping itself to Greek broadcaster Antenna Group, which emerged as a bidder for the brand in June.