#VICE NEWS TONIGHT FREE#

Once held up as the future of what media would look like, Vice Media has failed to live up to the lofty expectations that it - and the industry - set for the company. In a memo of her own, Subrata De, executive vice president of Vice News, acknowledged the larger forces at play, saying the cuts are the “result of tough financial realities which continue to challenge the business in the midst of the sales process and changes to our funding model.”

The restructuring comes as Vice Media, once the darling of the industry, explores a sale. The company will provide them severance and work with the Vice Union on the matter, the people familiar with the situation said.

The program, which has received the most Emmy nominations of any newscast for five consecutive years, has been on the air for seven years and just celebrated its 1,000th episode last month.Įmployees who are being laid off were set to be notified on Thursday. Most notably, the award-winning “Vice News Tonight” will come to an end, with its final broadcast airing May 25. Other workforce cuts will be implemented across the digital organization and the company will trim various budgets, including some travel, to further reduce costs. It will also slash its dedicated audio unit, as well as the Vice World News short form video team. The company will sunset the Vice World News brand and fold its operations under the Vice News umbrella, giving the company a singular news brand. The restructuring will have major implications on news teams at Vice Media.

#VICE NEWS TONIGHT FREE#

Sign up for our free newsletters and receive unparalleled coverage of Atlanta’s African American community in your inbox. The exact number of jobs impacted by the changes, however, was not clear. The cuts will result in dozens of employees losing their jobs, people familiar with the matter told CNN, with the company’s Washington, D.C., bureau being hit particularly hard. “In response to the current market conditions and business realities facing and the broader news and media industry, we are moving forward on some painful but necessary reductions, primarily across our News business,” co-chief executives Bruce Dixon and Hozefa Lokhandwala announced in a memo to employees.ĭixon and Lokhandwala, who stressed that news is “core” to the larger company and that it will not “exit” the business, added, “We are transforming Vice News to better withstand market realities and more closely align with how and where we see our audiences engaging with our content most.” (CNN) - Vice Media will cancel its acclaimed program “Vice News Tonight” as part of a broad restructuring that will result in painful cuts across the organization, the company said Thursday.

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