VICE Media LLC Files for Chapter 11 Bankruptcy
Posted on AllSides May 15th, 2023
From The Left
JOHN NACION/STAR MAX/IPX
VICE Media LLC filed for Chapter 11 bankruptcy Monday, a process that is likely to result in the sale of the company to Fortress Investment Group and Soros Fund Management for $225 million. The news comes a few weeks after the company shuttered VICE World News and canceled VICE News Tonight, its flagship news television program, resulting in more than 100 layoffs across the newsroom. The company will continue to operate normally during the Chapter 11 process.
Chapter 11 filing documents viewed by Motherboard show that VICE Media LLC and...
