Macgyver
Has No Life - Lives on TB
I remember when they first came out and would have a interesting piece once in a while.
Then they tried to bitch about US politics (they are not a US company) that was the "I'm never watching them again" moment.
Then of course the went total TDS.
www.thegatewaypundit.com
Photo: Mario Tama/Getty Images
Vice Media will stop publishing on its flagship website, Vice.com, and lay off several hundred employees as the digital media company grapples with financial challenges, CEO Bruce Dixon revealed in a company-wide memo on Thursday,
Dixon outlined the plans to transition Vice Media from a self-publishing entity to a “studio model” that will produce and sell content to other media outlets.
“Several hundred” employees will be affected by the layoffs. Dixon emphasized that Vice will intensify its presence on social media channels and pursue partnerships with established media companies for broader content distribution.
“We create and produce outstanding original content true to the Vice brand,” Dixon stated. “However, it is no longer cost-effective for us to distribute our digital content the way we have done previously.”
Refinery29, acquired by Vice Media in 2019, will reportedly continue to operate as an independent entity, focusing on its digital publishing and social-first content. The company is currently in advanced talks to sell this branch of the business, with updates expected in the coming weeks, according to Variety.
“This decision was not made lightly,” Dixon wrote, acknowledging the significant impact on staff. Affected employees are to be notified of the next steps early in the following week.
Read Dixon’s full memo obtained by Variety:
Last year, Soros bought Vice Media in a transaction valued at $350 million. The Gateway Pundit reported last year that the far-left Vice Media filed for Chapter 11 bankruptcy in order to enable a sale to Soros Fund Management.
It was reported the company, once valued at $5.7 billion, was struggling to find a buyer.
Vice filed Chapter 11 bankruptcy in the US Bankruptcy Court for the Southern District of New York to enable the sale to Soros Fund Management.
“The consortium’s bid includes a commitment of $20 million in cash to enable Vice’s operations to continue throughout the sale process. It is expected to conclude within two to three months, the company said.” – according to CNBC.
Then they tried to bitch about US politics (they are not a US company) that was the "I'm never watching them again" moment.
Then of course the went total TDS.
Get Woke, Go Broke — Far-Left Vice Media to Stop Publishing on Vice.com, Announces Massive Layoffs, Confirms CEO | The Gateway Pundit | by Jim Hᴏft
Vice Media will stop publishing on its flagship website, Vice.com, and lay off several hundred employees as the digital media company grapples with financial challenges, CEO Bruce Dixon revealed in a company-wide memo on Thursday, Dixon outlined the plans to transition Vice Media from a...
www.thegatewaypundit.com
Get Woke, Go Broke — Far-Left Vice Media to Stop Publishing on Vice.com, Announces Massive Layoffs, Confirms CEO
Photo: Mario Tama/Getty Images
Vice Media will stop publishing on its flagship website, Vice.com, and lay off several hundred employees as the digital media company grapples with financial challenges, CEO Bruce Dixon revealed in a company-wide memo on Thursday,
Dixon outlined the plans to transition Vice Media from a self-publishing entity to a “studio model” that will produce and sell content to other media outlets.
“Several hundred” employees will be affected by the layoffs. Dixon emphasized that Vice will intensify its presence on social media channels and pursue partnerships with established media companies for broader content distribution.
“We create and produce outstanding original content true to the Vice brand,” Dixon stated. “However, it is no longer cost-effective for us to distribute our digital content the way we have done previously.”
Refinery29, acquired by Vice Media in 2019, will reportedly continue to operate as an independent entity, focusing on its digital publishing and social-first content. The company is currently in advanced talks to sell this branch of the business, with updates expected in the coming weeks, according to Variety.
“This decision was not made lightly,” Dixon wrote, acknowledging the significant impact on staff. Affected employees are to be notified of the next steps early in the following week.
Read Dixon’s full memo obtained by Variety:
The shift comes amidst the company’s relocation of its strategic focus under new private equity ownership.
Last year, Soros bought Vice Media in a transaction valued at $350 million. The Gateway Pundit reported last year that the far-left Vice Media filed for Chapter 11 bankruptcy in order to enable a sale to Soros Fund Management.
It was reported the company, once valued at $5.7 billion, was struggling to find a buyer.
Vice filed Chapter 11 bankruptcy in the US Bankruptcy Court for the Southern District of New York to enable the sale to Soros Fund Management.
“The consortium’s bid includes a commitment of $20 million in cash to enable Vice’s operations to continue throughout the sale process. It is expected to conclude within two to three months, the company said.” – according to CNBC.
