Vice Media cancels its flagship 'Vice News Tonight' program as it makes 'painful' layoffs and restructures the company | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The cuts will result in dozens of employees losing their jobs, people familiar with the matter told CNN, with the company’s Washington, D.C., bureau being hit particularly hard.

Vice Media will cancel its acclaimed program “Vice News Tonight” as part of a broad restructuring that will result in painful cuts across the organization, the company said Thursday.

The program, which has received the most Emmy nominations of any newscast for five consecutive years, has been on the air for seven years and just celebrated its 1,000th episode last month. Employees who are being laid off were set to be notified on Thursday. The company will provide them severance and work with the Vice Union on the matter, the people familiar with the situation said. The restructuring comes as Vice Media, once the darling of the industry, explores a sale.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines