The report comes days after Vice shuttered its Vice News Tonight program, and amid waves of media layoffs and closures, including the end of BuzzFeed News. The company is expected to continue operating normally in event of bankruptcy filing, the Times reported. Last week, Vice Media said it would cancel its popular TV program Vice News Tonight as part of a broader restructuring that would result in job cuts across the digital media firm’s global news business, capping years of financial difficulties and top-executive departures. Vice was among a group of fast-rising digital media ventures that once commanded rich valuations as they courted millennial audiences. It rose to prominence alongside its provocative co-founder, Shane Smith, who built his media empire from a single Canadian magazine.

Source: The Guardian May 02, 2023 06:16 UTC