Vice media shares with two top editors, after layoffs and before an extension

It happened in the digital part of Vice Media on Tuesday.
Jonathan Smith, a vice-veteran who had been editor of Vice.com for the past three years, was deleted with the site's managing editor, Rachel Schallom. The company announced that Erika Allen, a senior editor of New York Magazine's The Cut, had been called the site's managing editor, and other editors took extended roles.
Katie Drummond, named Vice's Digital Vice President in March, after attracting the opportunity for growth.
"The complaint to me is very clear," she said in an interview Tuesday. "This is a brand that can be fearless, tell great stories, have a global reach, attract new talent."
The company is actually growing and has posted listings for about a dozen additional editorial jobs, including an editorial, an opinion editor and an "authoritarianism reporter." Ms. Drummond added that the reorganization of Vice.com, with various editors on the way up of journalists, believed there was no intention of mentioning a new editor in the boss's site.
The changes are part of Vice Media's attempt to become profitable after a rocky period, during which the company quit 10 percent of its staff and placed several places under the Vice.com umbrella.
Vice Media has also recently announced it had raised $ 250 million in debt financing from investors, including billionaire finance George Soros. The Walt Disney Company, which invested over $ 400 million in Vice Media for a quarter of the company, said in a securities deposit this year that it does not expect to return that investment.
At one point, Vice Media was valued as much as $ 5.7 billion, and its managing director, Nancy Dubuc, said last year that it would be profitable in the next fiscal year, but his fortunes have fallen as internet giants continue to gobble up most of the online revenue
. Vice Media has also attempted to improve its workplace culture since a survey by the New York Times in December 2017 reported mistreatment of women in the company, with more than two dozen employees saying they experienced or experienced sexual abuse there. 19659007] Vice has recently focused on the studio department, which produces video content for streaming sites and its own cable channel, Viceland. Vice News and HBO also produce a weekly show, "Vice News Tonight."
Ms. Drummond said she saw the site had a symbiotic relationship with the other departments. She discovered that Vars' Fyre Festival report, the woebegone Caribbean mega concert two years ago, helped the company create a popular documentary, "Fyre", which ran on Netflix.
"Everything completes everything," Drummond said. .
