US EditionVice Media says 'several hundred' staff members will be laid off, Vice.com news site shuttered
- Vice Media will no longer publish content on its website and will lay off hundreds of employees to partner with established media companies for content distribution.
- Last year, Vice filed for bankruptcy, leading to layoffs and cost-cutting measures. The media industry is facing financial problems, with numerous outlets experiencing closures and job cuts.
- Vice aims to realign resources, streamline operations, and shift to a studio model, emphasizing social channels for content distribution. Layoffs will impact several hundred staff members.
90 Articles
90 Articles
ANALYSIS - The American media, which has never succeeded in finding its economic model, is sinking a little deeper into the crisis.
Vice Media cutting hundreds of jobs, no longer publishing website content
Vice Media, once valued at over $5 billion and known for its edgy, immersive storytelling, is laying off hundreds from its staff of more than 900 employees. CEO Bruce Dixon announced the company will also cease publishing on its Vice.com website, a move reflective of Vice's strategic pivot amid financial struggles, including a bankruptcy filing last year before being sold for $350 million to a consortium led by Fortress Investment Group. https…
The North American media conglomerate Vice Media is set to lay off hundreds of employees and will no longer publish content on its primary website.
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Bias Distribution
- 50% of the sources lean Left
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