There was a time when Vice did some decent and fun reporting.
Actually, the outlet was valued at $5.7 billion about seven years ago.
It was still worth about $3 billion only two years ago.
Today, rumors are flowing that Vice is about to file for bankruptcy.
Go Woke, Go Broke
We have already seen what going woke does to a brand like Bud Light.
Now we are seeing what going to the far left happens to what was once a very popular media outlet.
Vice, which has investments from both Disney and Fox, is about to go belly up.
After the reports surfaced of the possible bankruptcy, Vice stated, “Vice Media Group has been engaged in a comprehensive evaluation of strategic alternatives and planning.
“The company, its board and stakeholders continue to be focused on finding the best path for the company.”
How can a company that was worth almost $6 billion seven years ago be threatening bankruptcy now?
Well, just go back and look at the stories the outlet did then and now.
They went from very hip investigative reporting slant to focusing on crushing conservatives.
In other words, they went from being a truly unique site to one that is just one of dozen woke brands in the media, and there are only so many outlets the progressives can support.
Source: New York Times
