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Vice said it filed several customary first-day motions with the U.S. Bankruptcy Court for the Southern District of New York seeking authorization to support its operations during the court ...
Vice Media, the parent company of notable assets like Vice News, Vice TV, Refinery29 and Motherboard, filed for bankruptcy on Monday as digital media companies from Buzzfeed to Insider grapple ...
Vice Media plans to lay off several hundred employees and no longer publish material on its Vice.com website, the company's CEO said in a memo to staff Thursday. Vice, which filed for bankruptcy ...
Vice Media Group LLC is a Canadian-American digital media and broadcasting company. As of April 2024, Vice Media encompasses four main business areas: Vice Studios Group (film and TV production); Vice TV (a joint venture with A&E Networks, also known as Viceland); Virtue (an agency offering creative services); and Vice Digital (digital content). [2]
On May 15, 2023, Vice Media formally filed for Chapter 11 bankruptcy, as part of an eventual sale to a consortium of lenders including Fortress Investment Group, which will, alongside Soros Fund Management and Monroe Capital, invest $225 million as a credit bid for nearly all of its assets. [40] The sale was closed in August 2023. [41]
Vice, which filed for bankruptcy on May 15, was once looked at as a crown jewel in the fast-paced digital media sector as newspapers declined and investors looked for new types of content to lure ...
Vice (stylized in all caps) is a Canadian-American magazine focused on lifestyle, arts, culture, and news/politics.It was founded in 1994 in Montreal as an alternative punk magazine, [2] and its founders later launched the youth media company Vice Media, which consists of divisions including the printed magazine as well as a website, broadcast news unit, a film production company, a record ...
Struggling media company Vice Media Group is gearing up to file for Chapter 11 bankruptcy protection — and then sell itself to some of its backers for about $400 million, according to a new report.