Vice Media Lays Off Hundreds, Shuts Down Vice.com Site Amid Company Restructuring
• Vice Media laying off several hundred employees, shutting down Vice.com site
• Company filed for bankruptcy last year before being sold for $350 million
• Looking to sell Refinery 29 publishing business
• Part of financial issues hitting media industry - other digital sites like BuzzFeed News and Messenger have closed
• CEO says layoffs part of positioning company for long-term success, will shift distribution from Vice.com and follow a studio model