 Nancy Dubuc |
Vice Media is slashing 10 percent of its 2,500-member workforce as CEO Nancy Dubuc seeks to cut costs and earn a profit.
Dubuc, who succeeded Vice founder Shane Smith in May, told staffers the once fast-growing Vice, which had offices in about 40 countries, will now concentrate on reaching corporate goals and hitting its marks.
“All departments at every level will see some impact,” Dubuc wrote in her memo to staff. “While this makes us a stronger business going forward, it is difficult for all of us to go through and we do not make these decisions lightly.”
She promised to make Vice "the best manifestation of itself and cement its place long into the future."
Dubuc, formerly CEO of A+E Networks, is consolidating international units into regions and targeting news, studios, TV, digital and advertising for growth.
Vice, which is 25 years old, cut two percent of its workforce in 2017 and put a hiring freeze in place last year.
Walt Disney Co., Fox and TPG have invested more than $1B in Vice.
Versant Media Group, the NBCUniversal cable TV spin-off, today reported its first financial results as 2025 revenues dipped 5.3 percent to $6.7B and standalone EBITDA dropped 9.1 percent to $2.2B.
Trump Media & Technology Group is discussing a spin-off of the Truth Social platform following the expected closing of its $6B merger deal with TAE Technologies... Condé Nast sells off Them, the digital LGBTQ-focused platform it launched in 2017, to Equalpride, publisher of Out, The Advocate, Out Traveler, Health PLUS Wellness and Pride.com... CBS News has parted ways with longevity influencer Peter Attia, one of the 19 contributors that editor-in-chief Bari Weiss brought on as part of her plan to present a wider variety of voices on the platform. 
Symbolic.ai forms a partnership with News Corp to begin using the company’s AI-native publisher platform in the newsrooms of News Corp publications to augment research, writing and publishing... Mediaite launches a newsletter that promises to give readers a summary of—media newsletters... The Fund for American Studies launches the Journalism Excellence Fellowship, a program that will provide promising young journalists the opportunity to work alongside top writers, reporters, and media professionals.
The Pittsburgh Post-Gazette, which has roots going back to 1786, is going out of business, the paper’s owners, Block Communications, announced on Jan. 7... GQ editor Will Welch is stepping down to take on a new Paris-based role with the musician Pharrell, who is also men’s creative director at Louis Vuitton... Semafor says it has raised $30 million on a $330 million valuation, following its first profitable year. 
The Walt Disney Company and OpenAI reach an agreement that will make a set of more than 200 animated, masked and creature characters from Disney, Marvel, Pixar and Star Wars available for use by Sora, OpenAI’s short-form generative AI video platform... CBS News editor-in-chief Bari Weiss has moved Tony Dokoupil, a co-host at “CBS Mornings” since 2019, into the anchor’s chair for the “CBS Evening News,” following the departure of John Dickerson and Maurice DuBois... USA Today editor-in-chief Caren Bohan has left the paper.
