by Chris Menahan, Information Liberation:
The antifa doxing site Vice News is shutting down, firing hundreds of employees and may even be deleted from the internet.
From Mediaite, “Vice Announces ‘Hundreds’ Of Layoffs and Shuttering of News Site”:
Vice CEO Bruce Dixon told shell-shocked staffers on Thursday that the once high-flying media company plans to stop publishing content on its website and layoff “hundreds” of employees as part of a major reorganization of its business.
TRUTH LIVES on at https://sgtreport.tv/
This is curtains for me I’m afraid, after nine years.
Feeling all over the place emotionally, & more to come tomorrow, but one thing I will say is that vice, to me, has always been about the work & the people who made the work. Not the dickheads who drove it into the ground. https://t.co/R56pOyyxri
— Tess Owen (@misstessowen) February 22, 2024
“After careful consideration and discussion with the board, we have decided to make some fundamental changes to our strategic vision at Vice,” Dixon said in an email to staff Thursday afternoon. Dixon said “it is no longer cost-effective for us to distribute our digital content the way we have done previously,” explaining that Vice would “partner” with other media companies to distribute its content and “fully transition to a studio model.”
“As part of this shift, we will no longer publish content on vice.com,” he said. As part the pivot away from news, Dixon said Vice will be “eliminating several hundred positions,” and those effected will be notified early next week. Currently Vice has fewer than 1,000 employees worldwide.
The stunning announcement came hours after rumors spread that the ailing company — once heralded as the future of digital media and valued in the billions — was set to delete its entire website.
Sources told Mediaite that Vice employees received an anonymous tip on Wednesday night telling them to back up their stories because the website was set to be taken down. Panic set in, the sources said, which was exacerbated by the company shutting off the ability of employees to download their emails on Thursday.
Dixon and senior leadership throughout Wednesday declined to answer questions about the site’s future. “CEO and senior leadership is not taking multiple opportunities to deny the rumors, which is bad,” one staffer said. “They’ve been asked by the senior editorial leadership and haven’t responded.”
Vice, which was once valued at a comical $5.7 billion, declared bankruptcy last year and was bought up by George Soros’ Soros Fund Management and SoftBank-owned Fortress Investment Group for $225 million.
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