Controlling The Media: Soros Dumps $250 Million To Save

Thursday, June 6, 2019
By Paul Martin

JUNE 6, 2019

George Soros is a very large investor in a group that has just committed $250 Million to save struggling

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

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