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After nearly three decades, Vice will stop publishing stories to its website. Vice Media CEO Bruce Dixon said today that the company is going to lay off hundreds of employees as it plans a shift toward social platforms, according to a memo to employees obtained by Washington Post reporter Will Sommer.
“It is no longer cost-effective for us to distribute our digital content the way we have done previously,” Dixon writes. “Moving forward we will look to partner with established media companies to distribute our digital content, including news, on their global platforms, as we fully transition to a studio model.”
Vice has been struggling with many of the same challenges affecting other companies across the media industry. Advertising has…
