Vice Media CEO Expects Bloodbath in Media Business

Digiday: Shane Smith’s prognosis for digital media is grim. The Vice Media CEO said he expects Viacom to “implode” and something similar will happen at other media companies, like Time Warner and Fox. “We’re the largest new media company, and we’re going to become the fourth-largest or fifth-largest, or maybe the third-largest. I don’t think it’s any secret that you’re going to see a bloodbath in the next 12 months of digital, mobile and terrestrial.”