(Short Cuts) The VICE Guide to Losing $5.7 Billion
CANADALAND
The Downfall of Vice News and Media Sustainability
Exploring the financial collapse of Vice News, the chapter delves into the mismanagement, corporate greed, and flawed growth strategies that led to its closure. Speakers express disappointment over the loss of talented journalists and the company's shift from journalism-first to expansion-focused strategies. The conversation also touches on the challenges faced by news organizations in maintaining financial stability and the implications of relying on big investments for growth.
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