Vice Media to Close Website, Lay Off Hundreds
TL;DR Summary
Vice Media, known for its edgy content, will cease publishing new content on its flagship website and lay off several hundred staff as part of a strategic shift to partner with other media companies. The move reflects the broader struggles of news outlets in the digital era, with traditional and digital media alike facing challenges in finding a viable business model. This comes amid a wave of job cuts in the industry, with Vice's rivals like BuzzFeed News and Jezebel shutting down last year, and layoffs announced at other major media outlets.
Topics:business#cost-cutting-measures#digital-media#layoffs#media-and-business#struggling-industry#vice-media
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