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Vice Media to Reorganize, Lay Off 10 Percent of Staff (Exclusive)
Hollywood Reporter ^ | 2/1/2019 | Natalie Jarvey

Posted on 02/01/2019 8:32:21 AM PST by yesthatjallen

The cuts, which will impact around 250 people, are part of new CEO Nancy Dubuc's strategic plan to tighten spending and achieve profitability.

Vice Media is planning a reorganization that will include laying off about 10 percent of its workforce as the once high-flying startup looks to rein in an unwieldy business that grew quickly during the height of the digital boom.

Around 250 jobs are expected to be cut, a company spokeswoman tells The Hollywood Reporter, as the 2,500-person Vice reduces redundancies internationally and reorients to focus on growth areas like film and television production and branded content. All departments at every level are expected to have layoffs, from IT to finance to television.

"Having finalized the 2019 budget, our focus shifts to executing our goals and hitting our marks," CEO Nancy Dubuc wrote in a memo sent to staff on Friday morning that was shared with THR. "We will make Vice the best manifestation of itself and cement its place long into the future."

ETC...

(Excerpt) Read more at hollywoodreporter.com ...


TOPICS: News/Current Events
KEYWORDS: msm; vicemedia

1 posted on 02/01/2019 8:32:21 AM PST by yesthatjallen
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To: yesthatjallen
achieve profitability

"Well, that's just evil!" -- SJW

Fortunately, they will never actually figure out how to be profitable, so they will remain Pure. And go out of business.

2 posted on 02/01/2019 8:34:32 AM PST by ClearCase_guy (If White Privilege is real, why did Elizabeth Warren lie about being an Indian?)
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To: yesthatjallen

I have a feeling that VOX Media will be next....


3 posted on 02/01/2019 8:37:15 AM PST by RayChuang88 (FairTax: America's Economic Cure)
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To: yesthatjallen

Too bad, so sad.


4 posted on 02/01/2019 8:37:46 AM PST by VTenigma (The Democrat party is the party of the mathematically challenged)
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To: All

The pot channel isn’t profitable... whoda thunk?


5 posted on 02/01/2019 8:38:29 AM PST by newnhdad (Our new motto: USA, it was fun while it lasted.)
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To: yesthatjallen

Is this the cable channel that in my system morphed from History 2 to Vice?

History 2 was to History what VH1 2 was to VH1. That is, the original channel went all reality programs, so the “2” channel aired what the original channel used to air. In H2’s case, it was programs about history, imagine that?

Anyway, Vice TV is crap. I never watch it. It deserves to go under.


6 posted on 02/01/2019 8:40:51 AM PST by brownsfan (Behold, the power of government cheese.)
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To: yesthatjallen

They should learn to code


7 posted on 02/01/2019 8:43:43 AM PST by Jeff Vader
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To: RayChuang88
There are some liberal media outlets that must not shut down because they're needed to set the narrative.

VOX is one of them.

They're likely hemorrhaging money like a hemophiliac suffering multiple stab wounds but VOX must not close.

Someone is pouring money into the hole that is VOX.

8 posted on 02/01/2019 8:44:00 AM PST by yesthatjallen
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To: yesthatjallen

When Conservative Gavin McInness founded Vice, it was FINE.

And then it went full SJW:

Now it’s NOT fine.

And it’s going to go the same way as The Weakly Standard, eventually.


9 posted on 02/01/2019 8:50:16 AM PST by gaijin
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To: yesthatjallen

That’s a shame ;)


10 posted on 02/01/2019 8:59:49 AM PST by Steven W.
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To: Jeff Vader

They should learn to code

They would stand a better chance of finding a good manufacturing job, while they are hot!

If not, “Would you like fries with your order, sir?”


11 posted on 02/01/2019 9:14:33 AM PST by DUMBGRUNT
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To: brownsfan
Is this the cable channel that in my system morphed from History 2 to Vice?

Apparently, yes. I had a look a the Wikipedia page for the Vice channel, and it stated:

"In August 2016, it was reported that average viewership of Viceland's programming was down by nearly half over H2 (in a period from November 28 to December 15, 2016, the network had average primetime viewership of 58,000 in the 18-49 demographic, down from 95,600 one year prior under H2)."

No wonder the company is having problems achieving profitability.!

12 posted on 02/01/2019 9:30:40 AM PST by jeannineinsd
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To: yesthatjallen

Learn to Code!


13 posted on 02/01/2019 9:32:08 AM PST by RightGeek (FUBO and the donkey you rode in on)
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To: yesthatjallen

Well, Comcast’s NBCUniversal division is funding Vox Media—I believe the amount was US$200 million. Given Comcast’s finances (they’ll be a huge player in the streaming media world because of their recent rollout of DOCSIS 3.1 gigabit Internet over cable lines), I wouldn’t be surprised that Vox Media gets another cash infusion soon. Besides, their sports-related properties are actually quite good.


14 posted on 02/01/2019 9:34:08 AM PST by RayChuang88 (FairTax: America's Economic Cure)
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To: yesthatjallen

Worthless channel, all drugs all the time.


15 posted on 02/01/2019 10:06:37 AM PST by TexasM1A
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To: yesthatjallen

Once shared an Airbnb house with a VICE filmmaker. Uh oh.

To our surprise, he was not a d!ck even though he lived in New York. We didn’t discuss politics per se, but he volunteered that he did filming with Donald Trump and knows him well. Weird huh.


16 posted on 02/01/2019 10:53:26 AM PST by LurkedLongEnough
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