CHATTER AWAY: Overnight Open Thread

Variety reports:

Vice Media Group is making drastic changes in the face of financial difficulties. In a memo to Vice employees Thursday, CEO Bruce Dixon said the company will be cutting “several hundred” jobs in the next week.

As part of its major restructuring, Vice will discontinue publishing content on its own website, Vice.com, and will instead put “more emphasis on our social channels as we accelerate our discussions with partners to take our content to where it will be viewed most broadly,” Dixon wrote in the memo.

The company — which was once valued at $5.7 billion in its go-go years — filed for Chapter 11 bankruptcy protection last year and in July 2023 closed a $350 million sale to a group of its former lenders.

Read the full article.

Vice Will Cease Publishing on https://t.co/2QdCym8TK3 and Lay Off ‘Several Hundred’ Staffers, CEO Says https://t.co/O4Mrp0Y8p9

— Variety (@Variety) February 22, 2024