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Struggling media company Vice Media Group said on Monday it had filed for Chapter 11 protection to facilitate its sale to a subset of its backers. The company said in a court filing that it listed ...
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 ...
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]
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.
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]
The following private equity firm or hedge fund owned companies have filed for bankruptcy protection: A&P (grocery chain) [1] Brookstone [2] Envision Healthcare [3] Friendly's [1] GenesisCare [3] Instant Brands (maker of Instant Pot and Pyrex) [4] Kmart [5] Party City [6] Payless Shoe Source [2] Prospect Medical Holdings [7] RadioShack [2] Red ...
Vice Media Group is undertaking a new restructuring plan — and shedding more staff — in the wake of its bankruptcy and asset sale. The cutbacks and reorg were announced by co-CEOs Bruce Dixon ...