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Vice Media turns to news

August 30, 2019 11.31 Europe/London By Julian Clover

Vice Media is to reduce staff at its US cable channel Viceland as part of an overall plan to move away from entertainment and lifestyle shows.

The Wall Street Journal reported Thursday that some 15 people across multiple departments had been laid off, though there have been some recent new hires within the newsdesk.

The Journal said Vice Media plans to merge Vice News and Viceland, creating a sharper focus on its news output.

Last February Vice Media was forced to lay off 250 staff. Since then chief executive Nancy Dubuc has been working to turnaround the Canadian digital media company.

In May, Vice Media raised $250 million in debt from investors including George Soros.

Other investors include founder Shane Smith (20%), The Walt Disney Company (21%), A&E Networks (20%) and TPG Capital (44%).

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Filed Under: Newsline, TV Tagged With: Vice Media Edited: 30 August 2019 11:31

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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