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Mic is laying off staff and pivoting to video, a move all too familiar in digital media

Mic, a news startup focused on millennials, is laying off 25 staffers as it prepares to shift to video. It's a move that has become all too common among media startups.  Cofounder Chris Altchek told the company in a memo that the move was spurred by a need to become "the leader in visual journalism..." This echoes a recent op-ed from Mic publisher Cory Haik, which suggested the need to move away from print and toward video.
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