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"The Locusts Of The Newspaper World": How Fortress Investment Group Decimated Newspapers Before Gutting Vice | Defector

Vice News laid off hundreds of workers last month. It stopped publishing news on its website, and the company laid off workers from Vice-owned Refinery29, too. Vice Media CEO Bruce Dixon's confusion about basic media industry dynamics in a meeting held after the bloodbath did not inspire confidence in leadership going forward among those who remained employed. All of this at a company once valued by investors in the billions, with an editorial voice so strong that it got the mockumentary treatme...

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