Vice, BuzzFeed and the Reckoning for New-Media Companies

Vice Media layoffs add to upheaval in a sector that once seemed to have mastered digital-media growth

Keach Hagey and

Lukas I. Alpert

Updated Feb. 1, 2019 5:49 p.m. ET

Companies like Vice Media and BuzzFeed not long ago were media-industry darlings, attracting young online audiences, popularizing edgy advertising tactics and drawing billions of investment dollars.

Now, a reckoning has begun.

Vice Media told employees Friday it is cutting 10% of its workforce, or 250 jobs, the latest in a string of significant...

Vice\, BuzzFeed and the Reckoning for New-Media Companies