Controlling The Media: Soros Dumps $250 Million To Save Vice.com
DEAN GARRISON
FREEDOMOUTPOST.COM
JUNE 6, 2019
George Soros is a very large investor in a group that has just committed $250 Million to save struggling Vice.com
According to Todd Spangler of Variety. back in early February Vice announced it would be cutting 250 jobs amidst a slowdown:
Vice Media CEO Nancy Dubuc has set plans to lay off 10% of the company’s employees — resulting in the elimination of 250 jobs across all departments — as it looks to slash costs amid a revenue slowdown.
The cuts aren’t surprising: Brooklyn-based Vice last fall instituted a hiring freeze and was hoping to avoid layoffs by winnowing down its headcount through attrition. With the restructuring, Dubuc is de-emphasizing focus on Vice’s web properties and is looking to bulk up efforts in film, TV production and branded content centered on its millennial-skewing audience and counter-cultural ethos.
The Rest…HERE