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Vice Media files for bankruptcy, latest in a series of liberal media struggles

Posted on AllSides May 15th, 2023
From The Right

Vice became the latest media giant to suffer a major setback after filing for Chapter 11 bankruptcy on Monday. The filing came as the company prepares to sell essentially all of its assets to a Lender Consortium made up of Fortress Investment Group, Soros Fund Management and Monroe Capital. Although the company previously reported $500 million to $1 billion in assets, the sale has so far yielded only $225 million in the form of a credit bid. "VICE serves a huge global audience with a unique brand of news, entertainment...

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