Memo Pad: Vice Cuts Journalists

A very grim year for the journalism profession will get even worse by next week. That's when Vice Media, which filed for bankruptcy last year before being unloaded for $350 million to a consortium of its creditors led by Fortress Investment Group, will drastically reduce its 900-person work force, "eliminating several hundred positions," the company's chief executive officer Bruce Dixon said in a Thursday evening email to staffers.