Vice TV Chief Morgan Hertzan to Exit, Pete Gaffney Tapped on Interim Basis

Natalie Korach
·2-min read

Vice Television chief Morgan Hertzan will exit the company next week and Pete Gaffney will replace him on an interim basis.

The executive shuffle was announced on Thursday by Vice’s CEO Bruce Dixon in a message to staffers which said that Hertzan was leaving “for another opportunity which he will announce shortly,” according to the memo obtained by Deadline.

Gaffney, who most recently served as SVP of content strategy and program scheduling, will report to Dixon in the interim, TheWrap has learned. Hertzan’s final day will be April 12 — however, he will be working with Dixon throughout the transition.

While at Vice, Hertzan oversaw the launch of Vice TV’s “Dark Side,” which continued to expand under his leadership.

“Vice TV has seen its largest ratings ever with the critically acclaimed series ‘Dark Side of the Ring,’ now in its fifth season,” Dixon wrote in his memo to staff. “Vice TV remains an important part of our business, and I am excited about the great projects in the pipeline – two of which we will announce later this month – and the opportunities that lie ahead for us at Vice.”

In his own memo to staff, Hertzan wrote, “Together we have created some hits – like the Dark Side franchise that continues to be the top-rated docuseries in networks our size.”

“I know Vice TV will continue to create original content that does not hide from the hard truths, the vital conversations, and that Vice-y fearless point of view,” Hertzan continued. “I know you will be in good and trusted hands with Pete, who will be leading the team forward from here on an interim basis.”

Vice Media has seen waves of staff departures, including many executives, after the company filed for bankruptcy last year and was then acquired by a consortium led by Fortress Investment Group for $350 million.

In February, Vice Media shuttered its news operations, laying off several hundred staffers in the process. The company also announced plans to transition to a “studio model,” partnering with “established media companies to distribute our digital content, including news, on their global platforms.”

The post Vice TV Chief Morgan Hertzan to Exit, Pete Gaffney Tapped on Interim Basis appeared first on TheWrap.

  • Up next
  • Up next
  • Up next
  • Up next

Latest stories

  • Nvidia Is the Fifth Most Profitable Company in the S&P 500. Here Are the 4 That Beat It.

    Net income margin, which is calculated by dividing net income by revenue, shows how much money a company is making from its sales

  • 4 Dividend-Paying Singapore Stocks That Can Help You to Better Prepare for Retirement

    We highlight four dividend-paying stocks that can help you to enjoy a comfortable retirement. The post 4 Dividend-Paying Singapore Stocks That Can Help You to Better Prepare for Retirement appeared first on The Smart Investor.

  • Chinese government bonds are on fire. That’s ringing alarm bells in Beijing

    Money is rushing into Chinese government bonds, sending their prices soaring as investors hunt for a safer alternative to real estate and stocks. Beijing is worried about a bust that could bring down some banks.

  • Jeff Bezos to sell another $5bn of Amazon shares

    In February, Mr Bezos announced that he would sell shares in technology giant worth around $8.5bn.

  • Palantir's Peter Thiel Says It's 'Very Strange' That Most Money In AI Is Being Made By Only One Company

    Last week, while appearing at the Aspen Ideas Festival, Palantir Technologies (NYSE:PLTR) co-founder Peter Thiel shared his insights on artificial intelligence, Nvidia Corp. (NASDAQ:NVDA), and ChatGPT-parent OpenAI. Don't Miss: Amid the ongoing EV revolution, previously overlooked low-income communities now harbor a huge investment opportunity at just $500. This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100. What Happened: During the fes

  • Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'

    Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and construction grew by 6.6% and 3.6% respectively.

  • Here are the Reasons Why You Should Hold NVIDIA Corporation (NVDA) for the Long Term

    Fred Alger Management, an investment management company, released its “Alger Focus Equity Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. US markets performed strongly in Q1, with the S&P Index up 10.56%. Class A shares of the fund outperformed the Russell 1000 Growth Index in the quarter. Information […]

  • Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations

    Solana’s SOL and dogecoin (DOGE) lead losses among major tokens, with the CoinDesk 20 index down 4.8%.

  • Nvidia has 3 under-the-radar rivals for AI chip supremacy

    Who can compete with NVIDIA (NVDA)? Goldman Sachs Asset Management Portfolio Manager Brook Dane spoke with Yahoo Finance Executive Editor Brian Sozzi to talk all things AI chips, and more. For full episodes of Opening Bid, watch on our website or listen on your favorite podcast platform.

  • Japanese yen fragile as USDJPY nears 162; intervention in focus

    Investing.com-- The Japanese yen steadied near its weakest levels in 38 years on Thursday, with the currency’s latest decline and low liquidity during a U.S. market holiday sparking fresh speculation over government intervention.

  • Here’s Why Billionaire Leon Cooperman Loves Sea Limited (NYSE:SE)

    We recently published a list of the 10 Best Stock Picks of Billionaire Leon Cooperman in 2024. Since Sea Limited (NYSE:SE) ranks 10th on the list, it deserves a deeper look. Billionaire Leon Cooperman predicted in April that the US is headed for a financial crisis. Cooperman said that the Federal Reserve kept interest rates near zero, but […]

  • BP CEO Halts Offshore Wind Projects, Enacts Hiring Freeze

    BP's new CEO Murray Auchincloss has implemented a hiring freeze and paused new offshore wind projects, shifting the company's focus to oil and gas to address investor concerns over its energy transition strategy.

  • Crypto Pain for Bitcoin and Ether as Strong Dollar and Markets Take Toll

    The largest cryptocurrency fell back below $61,000 early Wednesday. It hit a record high near $74,000 in mid-March amid a surge of interest from new spot exchange-traded funds.

  • Exploring Alternatives To Frasers Property With One Superior SGX Dividend Stock

    In the quest for reliable dividend stocks, understanding the trajectory of a company's dividend payouts is essential. In Singapore, where dividends on average increased by 3.7% last year, it's important to identify stocks that consistently maintain or increase their dividends. However, companies like Frasers Property present a cautionary tale with their declining dividend trends, signaling potential risks for income-focused investors.

  • Estee Lauder (EL) on Track With Profit Recovery Amid Hurdles

    Estee Lauder (EL) is on track to operationalize the Profit Recovery Plan to focus on rebuilding stronger and more sustainable profitability alongside supporting sales growth.

  • Why manufacturing domestically is worth higher prices

    Walmart (WMT) has partnered with American Giant to roll out a line of American-made t-shirts just in time for the Fourth of July holiday. American Giant founder and CEO Bayard Winthrop joins Market Domination Overtime to discuss the partnership and some of the core principles behind the brand. "It was a real breakthrough moment for our brand, and for textiles more broadly, when you have a partner like Walmart stepping up to a long-term commitment and a volume commitment that allows the supply chain partners to really rethink the way they're thinking about producing apparel in the United States again," Winthrop says. While textiles cost more to produce in the US, he believes the benefits are worth it: "When you make things here, you do it within the constraints of the American system, which includes human rights protections, environmental protections, child labor protections, living wages, things that I think we all as Americans really appreciate." Winthrop stresses the importance of investing in America's manufacturing capabilities and workforce, explaining, "We begin to give good opportunities to those towns, those cities that want to have good, viable, and dignified work. And so that was a real founding mission for our brand." He notes that American Giant fulfills the need of consumers looking for access to good-quality, American-made products at reasonable prices. He adds, "I think the larger brands and retailers have, as a generalized statement, tried to be a part of the solution here. And I think this now points a way forward for them to join the conversation." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl

  • Fed won't hit 2% target until 2026: Economist

    With somewhat cooling inflation and stagnant labor market growth, conversations about whether the Federal Reserve's interest rate cut timing persist. Interactive Brokers senior economist José Torres joins Market Domination to give insight into the labor market, the broader stock market, and the Fed's future policy decisions. "I think we're going to hit the Fed's 2% target somewhere in 2026. Fed Chair Powell was asked about it; he didn't think that we would hit it this year or next year. In fact, when we consider the disinflation that occurred last year in the second half, now those base effects become unfavorable into the second half of this year. So we're going to actually see core PCE start to tick higher. And if you look at the dots of summary of economic projections from the Fed, they're expecting core PCE to finish the year around 2.8," Torres tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino

  • Stock market today: Asian shares are mostly higher after Wall Street hits more records

    Shares were mostly higher in Asia on Thursday after Wall Street’s record-breaking rally powered on. Shares fell in Chinese markets but rose in the rest of the region. U.S. futures were nearly unchanged and oil prices fell.

  • Walt Disney (NYSE:DIS shareholders incur further losses as stock declines 3.5% this week, taking three-year losses to 43%

    For many investors, the main point of stock picking is to generate higher returns than the overall market. But its...

  • GameStop (GME) Down 13% in a Month: How to Play the Meme Stock?

    GameStop (GME), despite its popularity as a meme stock, remains a volatile investment option with inflated valuations disconnected from its fundamentals.