Vice Media Group is a conglomerate with a bunch of other stuff besides the magazine/website. An ad agency [1], a tv/film studio [2], another film studio [3], etc. It seems like they’ll be keeping a lot of that too. The linked message implies they’re shutting down the ad-supported journalism part of the company and doubling down on contract work.

[1] https://www.virtueworldwide.com/

[2] https://studios.vice.com/

[3] https://www.pulsefilms.com/