NEW YORK: With the closure of BuzzFeed News and bankruptcy looming at Vice, the once promising world of free digital media finds itself at a crossroads, seeing ad revenues dry up at the same time as disappointed investors begin walking away.
BuzzFeed, one of the OG new media disruptors, announced in late April that it would shutter its news division. Translation: 180 jobs lost.
As for Vice, the company — once a darling that attracted major funding from Disney and Fox, among others — has cancelled its signature show Vice News Tonight, laid off 100 people, and is reportedly on…
