Here in the UK we saw it with Buzzfeed News UK, when is was shut down in 2020 the journalists dispersed into other news organisations, some that they had worked with before (they had collaborated with C4 and BBC News on investigations), and have continued their important investigative work. I believe we will see the same with both Vice and Buzzfeed News (US).
Some will cheer its downfall, but there is an important place for all styles of journalism from all political leanings.