Vice media cancels flagship show amid layoffs and company restructure

Vice Media on Thursday said that it is ending its flagship TV news show ‘Vice News Tonight’, reported CNN Business. The report further said that the company is laying off staff, marking the latest cuts for journalists in the digital media industry.

“In response to the current market conditions and business realities facing [Vice Media Group] 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.

They 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.”