Privately held Vice Media is restructuring its global news operation, including shutting down a weekly news broadcast and cutting more than 100 jobs, as it looks for a buyer, The Wall Street Journal reported Thursday, citing a person familiar with the dealings and a memo it reviewed. Vice executives wrote in the memo that the goal is to “better withstand market realities and more closely align with how and where we see our audiences” engaging with its content. The Journal previously has reported that Vice has been looking to sell itself for months. Vice brands include Motherboard and Refinery29. Underscoring recent problems in digital media, BuzzFeed Inc. BZFD last week said it was shutting down BuzzFeed News and laying off about 15% of its workforce, turning HuffPost into BuzzFeed’s single news brand.
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