A couple years ago VICE CEO Shane Smith said a bloodbath in digital was coming. He wasn't wrong but this bloodbath has been going on for a couple years now.
Thousands of lay offs this year, ratings are collapsing, and digital companies are shuttering sections of their networks https://t.co/La7bAtBqFf
— Tim Pool (@Timcast) May 6, 2019
More: CNN to Cut as Many as 300 Staffers
Anything that hurts VICE and its offspring, is just fine for me. Just idiot services and misinformation for millenials.
You mean the uncritical regurgitation of Lefty talking points as news is -not- a growth business model? Sacre bleu!
It is not just the digital media that is finding out what happens when you constantly attack and lie about half of your potential customers. McClatchy is an old time news source, started in Sacramento, CA in 1857. They are not immune from the Get Woke Go Broke laws of economics.
MNI Stock prices:
10/1/2003……….$741.60
Today……….$3.00
Given that Karl Marx never had a job (he mooched of Engels who was rich enough to be a socialist), what do we expect from the left? Real work? Heck, Justin Turdeau thinks work is rolling up his sleeves!
Isn’t Marx great… the lazy drunken boil of a man who came up with a theory to enslave all of mankind ( peoplekind) and he, or at least his failed enslavement theories, are still worshiped by peoplekind to this day… Incidentally, Justine never rolls up his own sleeves, he has someone else do it for him. Butts hired a trainer to try and train Justine in the art of rolling up his own sleeves but Turdhole found it far too confusing, kinda like the confusion that overwhelms Justine when he tries to figure out the difference between Japan and China… ” so, you’re telling me the Japs aren’t a bunch of Chinamen ? “… “since when ?” says Justine, emperor of the First Post National State.
Not true! Trudeau put in a solid 15 minutes of filling sandbags before they took a break for the photo op.
Anything that caters only to socialists will inevitably fail.
Harder.
Faster.
Funny how this all happens after the end of the Obama $100 million Gift to Favorable Media Organizations..That no one knew of,until its expiration.
Good news! Hopefully they all bleed to death. Good riddance. Civilization will be better off without them.
Ken and Rd (below), I agree. Good news all around. What gets me, as a business economist, is why the CNN suits keep Jeff Zucker on as CEO. The network is utterly discredited, and must be losing money big time. One theory must be that the corporate suits are willing to run CNN as a money-losing enterprise in order to try to defeat Trump in two years. The current business model, as a pure-business model as currently run, makes no sense.
CNN Layoffs? 300 people?
https://www.ftvlive.com/sqsp-test/2019/5/6/breaking-cnn-to-to-cut-bodies
Christia Freelands boss strikes again… when willl Soros go back to hell…? the guy must be 100 years old… https://deadline.com/2019/05/vice-media-250m-investment-consorium-1202607334/
So Sad…
Now if only CNN and the others in the alphabet of MSM would actually close their doors and there by reduce the lies we are exposed to on a daily basis.
Well, Justine didn’t have a need a negro law degree from Harvard and say the Austrians speak “Austrian”. Or he had visited all 57 American states( there are 57 Islamic nations though ).