Vice, Decayed Digital Colossus, Files for Bankruptcy

Dreams of a Vice Media stock market debut or a sale at an eye-popping amount have been wiped away. As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share. The company, which had wooed media giants like Disney, has struggled to adjust to the punishing realities of digital publishing. A group of lenders is in the leading position to buy Vice for $225 million. Vice Media filed for bankruptcy on Monday, punctuating a yearslong descent from a new-media darling to a cautionary...