Left Wing Digital Media COLLAPSING, VICE Investment TOTAL LOSS
Timcast News
Timcast Media
4.6 • 7.4K Ratings
🗓️ 9 May 2019
⏱️ 14 minutes
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Summary
Left Wing Digital Media COLLAPSING, VICE Investment TOTAL LOSS. Disney recently announced that it is taking a 510M dollar loss in their VICE media investments. This news comes shortly after VICE shuttered several of its brands and laid off significant portions of its staff over the past few months.
But the news isn't only about VICE. We have seem many left wing and far left media brands take huge hits, collapse entirely, or get sold for extremely low evaluations in recent months.
One reason this may be happening is that these companies bet on far left and social justice content, content that is too fringe for average people to understand or relate to.
In a report from last year News Whip shows that right wing and conservative media has been dominating on Facebook while left wing media slowly shrinks away.
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Transcript
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| 0:00.0 | In a recent filing, Disney announced their $400 million investment into Vice Media is now worthless. |
| 0:07.2 | In this one pretty bad news for Vice considering, in November they laid off 15% of their staff, |
| 0:12.4 | in February another 10%, and it was recently announced they were going to be shuttering several brands. |
| 0:18.4 | Vice was once considered the golden child of digital media with an evaluation near $5.7 billion, |
| 0:24.6 | but it would seem that they peaked and are now in the back end of the bell curve. |
| 0:28.3 | The bad news in digital doesn't just affect Vice however, we've seen many digital brands either |
| 0:33.2 | collapse or be sold for a fraction of their true value. And there's a lot of reasons for this. |
| 0:39.2 | Many people might speculate that these companies are trying too hard to pander to a political faction, |
| 0:44.0 | but there's another very important point that needs to be brought up, and it's that advertising |
| 0:48.0 | space online is being taken over entirely by Facebook and Google and through this duopoly, |
| 0:54.0 | they're shutting out brands they don't like, and changes to the algorithm negatively impact |
| 0:58.7 | these big companies. And the sad truth is it will affect us on YouTube as well. Today let's take a |
| 1:04.4 | look at the initial reports about Vice and their investment and some other news involving digital |
| 1:08.8 | media and the ad market duopoly. But before we get started, make sure you follow me over on |
| 1:14.2 | mines at mines.com slash Timkast. Mine's a pretty good platform, it's a great backup because |
| 1:20.0 | they're much less likely to censor you if you have a controversial thought or opinion. |
| 1:24.4 | And we're certainly seeing these big tech monopolies do pretty bad things, so it's always important |
| 1:29.5 | to be on a platform that respects free speech like mines does. I'm hoping to break 100,000 |
| 1:34.0 | subscribers with your help. So again, mines.com slash Timkast. And if you want to support this video, |
| 1:39.0 | just share it on social media and hit that like button. From Vox, Disney put more than $400 |
| 1:45.1 | million into vice. Now it says that investment is worthless. A now familiar story. Investors say |
| 1:53.1 | they overvalued a high-flying digital publisher. The story says that Disney made the biggest bet |
... |
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