Vice Plans Hundreds of Layoffs: Trying to Sell the Business
Vice Media announced in a memo this week that it will be laying off hundreds of employees as it faces a sale.
Vice Media announced in a memo this week that it will be laying off hundreds of employees as it faces a sale.
A management fund tied to Democrat billionaire megadonor George Soros is among the group of buyers that will purchase the bankrupt Vice Media after the U.S. Bankruptcy Court for the Southern District of New York approved the asset purchase agreement on Friday.
Vice Media Group filed for bankruptcy on Monday following years of financial hardships and will aim for a sale to Soros Fund Management and other groups.
Vice Media CEO Nancy Dubuc attacked the Silicon Valley Masters of the Universe in a memo to all employees sent as the company lays off 155 staffers. Dubuc’s memo says that Big Tech’s “squeeze” is becoming a “Chokehold” on the new business, as platforms are “not just taking a larger slice of the pie, but almost the whole pie.”
According to new reports, the Internet news company BuzzFeed will lay off about 15 percent of its workers in response to growing financial pressure.
Vice News, which has been highly critical of President Trump’s proposed border wall, has its Los Angeles office protected by a fence to keep out homeless from building tent cities near its property.
Vice Media is on track to lose $50 million this year and plans to cut its 9,000 person staff by 15 percent, according to the Wall Street Journal.
A+E Networks CEO Nancy Dubuc is set to become the next CEO of Vice Media, taking over from Vice Media co-Founder Shane Smith, following multiple sexual harassment allegations at the company.
After years of financial losses, and months of unionization drama, Chicago-based Tronc is reported to be negotiating to sell the Los Angeles Times and San Diego Union-Tribune.
Eighty-five percent of the LA Times newsroom employees voted for the first time in 136 years to unionize under the Commercial Workers of America.
Vice Media has suspended its own president, Andrew Creighton, and chief digital officer, Mike Germano, over claims of sexual misconduct.
The long-rumored reckoning at the left-wing Vice Media appears to be underway. Three employees were fired Thursday for conduct ranging from “verbal and sexual harassment to other behavior that is inconsistent with our policies,” reads an internal memo first reported by the left-wing CNN.
Vice Media has suspended its head of documentaries following sexual harassment allegations from a former employee.
Left wing freelance writer Sam Kriss, who last year attacked Breitbart London in an error-ridden hit piece, has issued an apology after he was accused of repeatedly groping an acquaintance while out on a date.
Vice Media raised $450 million of pre-IPO capital at a $5.7 billion valuation from the same private equity firm that has interests in Airbnb and Spotify and owns the CAA talent agency.
Despite 2016 being the worst year for initial public offerings (IPOs) since the 2007-8 financial crisis, Silicon Valley hopes the Trump rally will bring back the good times.
The same Walt Disney Company that brought the world Bambi, Pinocchio, Snow White and Sleeping Beauty is investing $400 million into the left-wing Vice Media to now bring you “Junglepussy” and a “Satanic Temple Leader Blogging Her Abortion” and “Meth-Fueled
The first trailer for the new HBO-Vice documentary collaboration Fixing the System, in which President Obama visits a federal prison and meets with several of the inmates, debuted online Friday.
President Obama takes time away from a fundraising trip to speak to VICE Media, where his former deputy chief of staff is Chief Operating Officer.