Vice Media will stop publishing on its website and lay off hundreds. Read the memo its CEO sent to staff.

freamon@endlesstalk.org to News@lemmy.world – 220 points –
Vice Media will stop publishing on its website and lay off hundreds. Read the memo its CEO sent to staff.
nbcnews.com
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That article is paywalled, but what Dixon wrote is cryptic.

“It is no longer cost-effective for us to distribute our digital content the way we have done previously,” Vice CEO Bruce Dixon said in the memo, which was seen by NBC News. Vice Media did not immediately respond to emails requesting comment on Thursday’s news.

Dixon added that the company would now “look to partner with established media companies to distribute our digital content, including news, on their global platforms, as we fully transition to a studio model.”

https://www.nbcnews.com/news/us-news/media-plans-cut-hundreds-jobs-stop-publishing-flagship-website-rcna139997

What is he even talking about? What is a studio model?

Maybe they'll sell stuff to other platforms rather than be a platform. But I'm just guessing.

Sorry. Link on post changed to nbcnews. Knew there was something fishy about Business Insider but it looked normal I viewed it.

It's all going to be "sponsored" articles written by companies looking to advertise.

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