Welcome to Hook Daily, Press Hook's daily article selection that those in the industry need to read. Whether it's insight from journalists or publicists, trends that should be on your radar, or ways to change up your work habits, we've scoured the internet to find the news you can use.

Today's pick: "After a 29-year run, Vice files for bankruptcy" from Tech Crunch

The media environment has been tough as of late, with more and more outlets announcing the suspension of print editions, layoffs, or—as in the recent announcement by BuzzFeed News—shutterings. The latest digital media victim? VICE, which this week announced that it is filing for Chapter 11 bankruptcy, just 6 years after exploring a potential IPO.

Understanding the media landscape is a crucial part of any media relations strategy. Today's article has the full breakdown of how things went awry and what can be expected from VICE moving forward.