Viced Out
Vice Media — once the edgy digital media company covering music, art, trends, and drug culture, which started in Montreal nearly 3 decades ago — yesterday announced that it will stop publishing stories to Vice.com, as it prepares to lay off “several hundred” employees amid continued financial woes.
Despite several large investments throughout the 2010s seeing the publication rise to a more than $5bn valuation in 2018, its parent company Vice Media Group filed for bankruptcy in the US last May. Since then, Vice’s issues have only worsened, making it “no longer cost-effective” to run their website, according to a memo from CEO Bruce Dixon sent to workers — where it was noted that Vice “will continue to operate as a standalone diversified digital publishing business” moving forward.
