Posted on 02/22/2024 3:59:01 PM PST by packagingguy
Vice Media will lay off hundreds of employees and stop publishing on its website, the company’s leadership announced this week. CEO Bruce Dixon said, “It is no longer cost effective to distribute our digital content the way we have done previously,” in a memo sent to employees and shared with several media outlets Thursday.
Vice is the latest in a slew of digital media companies that have been forced to lay off staff as a cost-cutting measure in an increasingly tough digital advertising market, increased fragmentation across the media landscape and fast-changing news consumption habits.
(Excerpt) Read more at thehill.com ...
Probably cheaper to buy DAs than to prop up a web site.
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