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Vice Media Will Reduce Costs by 15 Percent

In an email to staffers, Vice Media CEO Nancy Dubuc announced that the news media outlet would reduce its costs by up to 15 percent.

Eduardo Razo

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Vice Media is making a difficult decision affecting their content as the New York Times’ Ben Mullin reported on Wednesday that the company will make significant cuts. 

In an email to staffers, Vice Media CEO Nancy Dubuc announced that the news media outlet would reduce its costs by up to 15 percent. However, despite Dubuc praising the company’s content, she states they still need to remain profitable. 

“We’re not immune to the commercial pressures of the current economy, including ongoing cutbacks by brands and advertisers,” Dubuc said. “Now more than ever, we need to protect our progress and profitability by continuing to improve our operations, rigorously question our cost structure and focus on those areas where our business is competitive and growing and decrease those that are wavering.

“I often say to my leadership team we need to control what we can and manage against what we can’t. Much of the economic environment is out of our control, but our costs are within our decision-making capabilities.”

The way Vice Media will reach cutting 15 percent cost will be by freezing open positions along with slashing operation costs. 

“Wherever we can make improvements in how we work, expect we will,” Dubuc added. “This is ultimately how we’ll grow our business. Between now and mid-December, when we lock our budget, senior managers will communicate our 2023 plans and expectations.”

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Media Business

Report: The Recount Intends to Suspend Operations

Despite its short history, the company pivoted its focus a few times and quickly burned through the money it raised.

Eduardo Razo

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After four years of existence, The Recount, a video news startup launched in 2018, informed staffers it plans to suspend operations next Friday, per Axios

The company has raised over $34 million since 2020 but has not found a profitable business model. Moreover, like most media outlets, its chances worsened amid the financial downturn.

Axios added to its reporting that The Recount’s leaders are still in talks with buyers, and they may try to persist with their operations if they can reach an agreement before next Friday’s deadline.

Despite its short history, the company pivoted its focus a few times and quickly burned through the money it raised. Last month, The Recount lost $10 million in 2021 on $1 million in revenue.

Many of The Recount’s staff were laid off last month, reducing its total employee count to around a dozen. Those cuts came after a round of cuts in the spring that reduced its staff roughly in half from approximately 75.

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Media Business

FCC Commissioner: Americans Need To Stop Using TikTok 

Brendan Carr is once again sounding the alarm about the dangers of TikTok to the American youth.

Ryan Hedrick

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Federal Communications Commissioner Brendan Carr is once again sounding the alarm about the dangers of TikTok to the American youth.

Carr appeared on “The Glenn Beck Show” Thursday to discuss why lawmakers seem to be ignoring the obvious of TikTok.

“What’s really happening when you’re using TikTok, every time you swipe or click or search, what you’re doing is feeding, improving, and training China’s artificial intelligence,” said Carr.

Carr told Beck that China has promised to dominate the world in Artificial Intelligence (AI) by 2030 for the purposes of surveillance and asserting its control.

“The idea that we are sending these clips and data back to Beijing and improving their AI and that’s going to come back and bite us in ways that are unrelated to Tik Tok itself,” said Carr.

Carr said China’s big fallback is that they don’t understand Western free thinking and that’s why there’s such an aggressive push to collect our data and analyze it to understand how our Western culture functions.  

“They need Americans to be on Tik Tok to observe their usage of data to create their AI. We do need to look broadly at how we can stop China from growing their artificial intelligence.” 

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Media Business

Twitter Suspends Kanye West After More Anti-Semitic Comments

“I tried my best. Despite that, he again violated our rule against incitement to violence,” Twitter owner Elon Musk tweeted.

Barrett News Media

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Twitter has removed Kanye West from its platform after the controversial figure tweeted more anti-Semitic comments.

West was officially removed after he tweeted a picture that showed a swastika inside a Star of David, and insinuated that would be the logo he used for a presidential campaign in 2024.

“I tried my best. Despite that, he again violated our rule against incitement to violence,” Twitter owner Elon Musk tweeted. “Account will be suspended.”

West also tweeted a photo of Musk shirtless on a yacht being sprayed by another billionaire with a hose.

Musk later clarified that West was being removed from the platform due to his “incitement to violence” rather than the unflattering picture.

Weeks ago, Musk said Twitter under his watch will be “freedom of speech, not freedom of reach”.

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