Disney is taking a $157 million write-down on Vice Media as the site is reportedly laying off 15% of its staff


Disney reported the $157 million write down in its fourth-quarter earnings report Thursday, a day after the Wall Street Journal wrote that Vice Media plans to cut up to 15 percent of its workforce.
Read More at Disney is taking a 7 million write-down on Vice Media as the site is reportedly laying off 15% of its staff
Source: CNBC