Vice Media Group introduced that it was streamlining its information division, together with layoffs and the cancelation of its signature newscast, Vice Information Tonight.
Bruce Dixon and Hozefa Lokhandwala, co-CEOs of Vice Media Group, mentioned that the adjustments have been in “response to the present market situations and enterprise realities going through VMG and the broader information and media trade.”
“To be extremely clear, Vice Information is core to Vice Media Group and basic to our enterprise. We’re NOT exiting the information enterprise, however we’re altering the form of Vice Information to place the entire Firm for long-term alternatives and enhance how we ship vital, ground-breaking journalism properly into the long run,” they wrote.
The employees reductions are the newest to hit the information enterprise, with each conventional and digital retailers hit by a downturn within the advert market.
Vice Media is also within the midst of efforts to promote or recapitalize. Nancy Dubuc exited as CEO of Vice Media Group in February.
Dixon and Lokhandwala mentioned that Vice Information could be streamlined to “deal with our rising digital video enterprise and our Information documentary and sequence manufacturing enterprise for VTV and distribution companions worldwide.”
Vice Information Tonight, which airs on Vice TV, may have its final broadcast in Could, they mentioned.
Dozens of staffers are affected by the cutbacks, in keeping with a supply conversant in the plans. Amongst these affected have been Vice Information editor-in-chief Michael Learmonth, chief political correspondent Elizabeth Landers, senior political reporter Cameron Joseph, senior editor Christina Sterbenz, nationwide safety reporter Ben Makuch, in addition to audio journalist Sam Eagan. Additionally laid off was Brendan Kennedy, vice chairman of growth and documentary acquisitions for Vice Information.
Vice Information is scaling again its audio crew, though podcasts will proceed to be produced, and Vice World Information short-form video can be ended.