Program to read chm files tv#
The media company’s assets also include film and TV production, an in-house marketing agency, and brands such as Refinery 29 and Unbothered. Over the years, Vice developed a reputation for in-your-face journalism that covered daring stories around the world that particularly reasonated with new, young audiences across digital platforms. “When you’re not pulling in the numbers that you would expect advertising-wise, you’re losing money.” “One of the things that I think really hurt Vice, and in turn Buzfeed as well, is social media networks like Facebook changing their algorithms,” Jason Mollica, professor at American University’s School of Communication, said - noting that social media was once a space that Vice thrived. announced that its Pulitzer Prize-winning digital media outlet BuzzFeed News was being shut down as part of a cost-cutting drive by its corporate parent.ĭigital advertising has plummeted this year, cutting into the profitability of major tech companies from Google to Facebook. There has been a wider surge of media layoffs and closures, including job cuts at Gannett, NPR, the Washington Post and other organizations. The company also said it would end its Vice World News brand.
The bankruptcy filing arrives just weeks after the company announced it would cancel its flagship “Vice News Tonight” program amid a wave of layoffs expected to impact more than 100 of the company’s 1,500-person workforce, the Wall Street Journal reported. Vice assets and liabilities worth between $500 million and $1 billion, according to Monday’s filing. In a prepared statement, Vice co-CEOs Bruce Dixon and Hozefa Lokhandwala said the “accelerated court-supervised sale process” will strengthen the company and position it for long-term growth, “thereby safeguarding the kind of authentic journalism and content creation that makes VICE such a trusted brand for young people and such a valued partner to brands, agencies and platforms.”
0 kommentar(er)
