Vice Media Cuts Hundreds of Jobs and Stops Publishing on Vice.com as Company Faces Financial Struggles
New York, NY – Vice Media, a prominent digital media outlet, is set to make significant changes as it plans to cut hundreds of jobs and stop publishing on Vice.com. This decision comes after the company filed for bankruptcy and was acquired by Fortress Investment Group earlier this year. Chief executive Bruce Dixon announced the news in a memo, revealing the company’s intention to partner with established media companies for digital content distribution. The company, …