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Vice is basically dead — Thousands of stories written over the past two decades could soon be deleted without any warning

CEO Bruce Dixon told staffers that the company will lay off hundreds of employees and stop publishing stories on its flagship site.

Inside the irreverent company, which began as a scabrous print magazine in Montreal and later helped define the tone of early digital media, the mood was tense. In a message to staff, CEO Bruce Dixon said that several hundred of Vice’s remaining 900 employees will soon be laid off in a restructuring that essentially kills off the editorial brand. After filing for bankruptcy last May, the brand was bought by the private-equity lenders Fortress Investment Group and Soros Fund Management for a mere$350 million.

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