Vice Media said it has received a rescue offer and filed for bankruptcy protection, a striking turn for a digital-news darling once promised to upend mainstream media. The bankruptcy filing marks the latest downfall of media upstarts that years ago commanded sky-high valuations, only to struggle to compete with the likes of Meta Platforms’ Facebook and Alphabet’s Google for ad dollars. Last month, BuzzFeed BZFD 1.28%increase; green up pointing triangle said it was closing BuzzFeed News after it continued to lose money.
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Categories: Business and Economy, Liberal Terrorism, What Liberal Media?, Wokeness
This makes me genuinely happy. I remember being a sad young lib, loving Vice and slowly watching it degrade itself to this point. Now these people will have an opportunity to serve a true purpose!