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On April 27, Vice News laid off over 100 staffers and shut down its flagship show, Vice News Tonight.
Vice executives were paid over $1 million in bonuses the next day.
That, in a nutshell, sums up the logic of the corporate-owned news media – and why nonprofit, independent journalism of Common Dreams is so vitally needed right now.
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Let’s be clear: It’s never more difficult for independent media to survive. More than 2,600 newsroom jobs were eliminated in the first 11 months of 2023, a 48% increase over last year and a 77% jump from 2021.
Squeezed between rising costs and Big Tech giants like Meta, Apple, and Google steering internet traffic to their favored sites, digital news outlets, in particular, are taking it on the chin.
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