Vice Is Dead ⇥ wsj.com

Alexander Saeedy and Alexandra Bruell, Wall Street Journal:

Vice Media said it would stop publishing content on its flagship website and plans to cut hundreds of jobs, following a failed effort by owner Fortress Investment Group to sell the embattled digital publisher and its brands.

From the internal memo sent by Bruce Dixon, Vice CEO:

We create and produce outstanding original content true to the Vice brand. However, it is no longer cost-effective for us to distribute our digital content the way we have done previously. Moving forward, we will 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. As part of this shift, we will no longer publish content on vice.com, instead putting more emphasis on our social channels as we accelerate our discussions with partners to take our content to where it will be viewed most broadly.

The way Vice has “distributed [its] digital content […] previously” is by having a website. That it is not “cost-effective” to run a website is creating rumours that it is about to be shuttered without any real effort at preservation.

This is a real shame; Vice had some of the best privacy and security coverage in the industry. I am sure I have referenced the site’s work at least dozens of times. Its record is imperfect, especially recently, but it has published solid, creative reporting for decades. Four of its former writers founded 404 Media last year, and other have found new gigs. Still, if all these articles disappear from everywhere but the Internet Archive, it will be a deep loss.