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Staff members are concerned that Vice Media is considering shutting down or abolishing its flagship news site six months after it sold the brand to a consortium of former financiers after filing for bankruptcy. hollywood reporter Have learned.
Editors from various departments at Vice met with staff on Thursday and asked management to clarify the situation, but received no response. Josh Visser, Vice News’ top editor-in-chief, addressed Vice News staff on a midday Zoom call, giving the company’s senior executives, including CEO Bruce Dixon, an opportunity to deny rumors that the site would be shut down. He said that he gave him a message, but there was no response. He said he was “very upset.”
“The removal of our website and our work is completely condemnable,” he told Stuff. “I don’t even understand the business reason why they would do something like that.”
Mr. Visser told staff that his proposed plan to restructure the newsroom was essentially rejected by management, and even though it’s almost March, he still doesn’t have a budget for this year. Ta. He asked Visser whether staff would be paid their next paycheck and whether Vice laptops could be disabled by the company. “I don’t know any more than you guys do, other than being able to read faces and notice when people aren’t responding to your messages,” Visser said.
Vice Media filed for bankruptcy last May and canceled its flagship shows. tonight’s vice news A few weeks ago, it promised to cut costs and reduce staff during a restructuring. Last July, Vice entered into a deal to sell itself to a group led by Fortress Investment LLC, Soros Fund Management and Monroe Capital, ending a lengthy sale process.
“It looks like a pretty apocalyptic situation there,” Visser told staff. Vice Media spokesperson Jonathan Bing and Fortress spokesperson Gordon Lante did not respond to multiple requests for comment from the company. THR.
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