(Short Cuts) The VICE Guide to Losing $5.7 Billion
Feb 29, 2024
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Exploring the downfall of Vice Media with 5.7 billion loss and staff noticing trouble by snack quality. Discussion on Bill C-63 targeting online hate speech. Ads for Canadian mattresses and health supplements. Analysis of media activism and government interaction in journalism.
Vice Media faced restructuring, shifting to social media, impacting journalism.
Right-wing criticism dismissed, analyzing Vice's challenges with corporate strategy.
Bill C-63 addresses online safety, concerns about punitive measures exist.
Deep dives
Overview of Health Product Endorsements
The episode features endorsements for health products, including AG1 and Douglas mattress, emphasizing the simplicity and benefits of incorporating them into daily routines for optimal health.
Media Industry Decline and Vice Media's Restructuring
Discussion highlights how Vice Media faced major restructuring and ceased content production on its website, shifting focus to social media platforms. The episode explores the negative impacts of corporate decisions on journalism.
Criticism of Vice Media and Right-wing Responses
The episode delves into right-wing criticism of Vice Media's closure, citing opinions that link it to 'go woke, go broke' narratives. The speaker dismisses such commentary and analyzes Vice's challenges with a corporate strategy.
Challenges of Online Harm Legislation
Detailed examination of Bill C63, the Online Harms Act, reveals both positive and negative aspects. While addressing online safety concerns like hate speech and exploitation, there are concerns about punitive measures and law enforcement effectiveness.
Call for Police Accountability and Effective Legislation
The discussion advocates for police accountability and addressing online crimes through law enforcement action. Emphasis is placed on enforcing existing laws rather than relying solely on new regulatory measures for online safety.
Vice Media was once valued at 5.7 billion dollars - This week it closed its doors. One final episode of the podcast Cyber was released to give listeners a peek into what was going on at Vice. The staff knew something was amiss when the quality of the snacks began to deteriorate.
The Liberals tabled Bill C-63 to take aim at online hate. If this new bill comes into force it could make some online hate speech punishable by life in prison.
Host: Jesse Brown
Credits: James Nicholson (Producer), Caleb Thompson (Audio Editor and Technical Producer), Karyn Pugliese (Editor-in-Chief)
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