The digital publisher, which filed for bankruptcy protection in May, said it will lay off several hundred staff as it transitions to a “studio model” and produces content that will be distributed through established media companies, according to a memo to staff posted online by Vice senior staffers Janus Rose and Anna Merlan. (The Logic)
Skip to content
The digital publisher, which filed for bankruptcy protection in May, said it will lay off several hundred staff as it transitions to a “studio model” and produces content that will be distributed through established media companies, according to a memo to staff posted online by Vice senior staffers Janus Rose and Anna Merlan. (The Logic)
Talking point: Vice Media, founded in Montreal in 1994 and once valued at US$5.7 billion, is the latest digital media startup to downsize as advertisers trim marketing budgets and seek different avenues to reach thriftier consumers. Earlier this week, BuzzFeed said it plans to lay off another 16 per cent of its staff. Vice rose to fame after it seemed to successfully adapt alt-weekly and gonzo-style journalism for millennials, and eventually expanded into video and global affairs coverage. It also faced a reckoning over its hostile work environment and struggled to maintain its flagship broadcast program, Vice News Tonight.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Canada’s Arctic defence push is overwhelming communities in the North
Briefing
Stellantis goes ahead with sale of Ontario auto plant to defence company Roshel
Nvidia sheds billions in value amid probe of Huang’s affair with suspected Chinese spy
PSP Investments to buy 50% of Brookfield’s Enercare for $1.6B
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
