Vice group co-CEO Bruce Dixon has announced that the company is to make several hundred lay-offs and will no longer publish content on

In a memo to staff, Dixon said that Vice will “look to partner with established media companies” to distribute its digital content, including news, on their global platforms and “fully transition to a studio model”.

He added that it was still in “advanced discussions” to sell the business, with more announcements on the latter expected in the coming weeks.

Michael Brown, managing partner and UK and EMEA head of insight and research at UM, told The Media Leader: “Vice going offline is a big loss for media and it marks a concerning continued trend towards alternative media environments becoming commercially unviable — and, therefore, our media landscape becoming less interesting.” This was a theme that Brown explored last year following the closure of gal-dem.

Read more on The Media Leader.