Live data from Hacker News

Vice files for Bankruptcy

bloomberg.com

171–173 of 173 posts

Re: Vice files for Bankruptcy

#171

Earlier quoted context omitted.

This is so spot on of a rebuttal. Vice’s shift into what they’ve become was a top-down terrible choice from what they used to be.

The rebuttal to that is that neither worked. They wouldn’t have switched if the original style worked. They wouldn’t have gone bankrupt if the switch worked. They would have gone back to the original style of it worked before the switch.

Yeah my comment wasn't actually intended as "rebuttal" so much as an observation that something is seriously broken in traditional news media.

It is a business, and so it is reasonable to have to just accept that a certain amount of sensationalism, click-bait and other "metric-increasing" tactics will be omnipresent so long as "traditional news media" continues to exist in some form. I've read that this has always been the case anyway, and people complaining about it is as old as people complaining about taxes. But clearly the target audience is just not buying what they are selling these days, no matter what that is.

I suspect that, in addition to the Internet putting serious competitive pressure on print media, social media is also playing a big factor in the demand for traditional news outlets. In current year, everyone is carrying a camera with them at all times and the ability to publish content instantly. When most people are so "connected", such that they can find out what is happening around them the instant it happens in a quick clip or headline, what use is there for long-form articles?

Re: Vice files for Bankruptcy

#172

Earlier quoted context omitted.

Not long ago things were looking great: > 2012 revenue of $175 million, 2014(e) revenue of $500 million, 2016(e) revenue of $1 billion(!) > "[P]rofit margins targeted to widen to 50% of sales from 34% now" https://www.forbes.com/sites/pascalemmanuelgobry/2014/03/31/...

I had to take a look and those estimates were wildly optimistic. https://nymag.com/intelligencer/2018/06/inside-vice-media-sh... Near the end is this: > But the underlying driver of Vice’s success has always been the close connection between its editorial work and its work for brands. I’m not sure their great investigative journalism was ever self-sustaining.

Wars end and it must be difficult to convince Simon Ostrovsky and Ben Anderson to stay on or even captain their own ship in the fleet let alone get Morris to do something other than pharmacopia.

Re: Vice files for Bankruptcy

#173

Earlier quoted context omitted.

The rebuttal to that is that neither worked. They wouldn’t have switched if the original style worked. They wouldn’t have gone bankrupt if the switch worked. They would have gone back to the original style of it worked before the switch.

Yeah my comment wasn't actually intended as "rebuttal" so much as an observation that something is seriously broken in traditional news media. It is a business, and so it is reasonable to have to just accept that a certain amount of sensationalism, click-bait and other "metric-increasing" tactics will be omnipresent so long as "traditional news media" continues to exist in some form. I've read that this has always be…

I agree with all of that.

I would just say that, the internet allows for more niche things in general. If you want more sensationalized articles, it’s got that, if you want more rational takes, it’s got that. I can get exactly the flavor I want and in that sense why would I watch something that by definition has to cater to everyone. Similar to music, why listen to the radio when I could listen to the exact music I want 24/7.

Less a bug with news organizations and more a feature that the internet enabled. This same thing has played out in a dozen different industries for the same reason.

Post reply on HN