Vice files for bankruptcy protection amid cut-price sale to consortium

Digital publisher and owner of Vice News and Vice TV was once valued at $6bn but has agreed sale for $225mVice, the once high-flying media startup that reached a peak valuation of nearly $6bn (£5bn), has filed for bankruptcy protection in the US as the digital publisher engineers a cut-price sale to a group of lenders.The company, whose assets include Vice News, Motherboard, Refinery29 and Vice TV, has agreed a sale to a consortium that includes Fortress Investment Group, Soros Fund Management and Monroe Capital for $225m in the form of a credit bid for its assets as well as assuming Vice’s “significant liabilities”. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2023-05-15 09:23:50 UTC ]
News tagged with: #vice news #vice tv #bankruptcy protection #$6bn 5bn #digital publisher

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Marketshare of ebook sales drops back after post-Christmas high

Written By: Charlotte Williams Publication Date: Thu, 19/05/2011 - 10:00 The percentage of ebook purchases has dropped back from the high of the post-Christmas period, falling to 2.5% of all book purchases in volume over the four-week period to 20th March. In a presentation at the... Continue reading at The Bookseller

[ The Bookseller | 2011-05-19 00:00:00 UTC ]
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Amazon to accept ePub files

Written By: Philip Jones Publication Date: Thu, 19/05/2011 - 09:59 Amazon has told US publishers that it will begin accepting digital files in the ePub format in the near future and will also allow users of its Kindle device to read ePub files. read more Continue reading at The Bookseller

[ The Bookseller | 2011-05-19 00:00:00 UTC ]
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E-book price-fixing law passed in France

Written By: Barbara Casassus Publication Date: Wed, 18/05/2011 - 14:45 The French National Assembly yesterday (17th May) voted into law a bill allowing publishers to fix prices of all ebooks sold in France. The text says that retailers inside or outside France must respect the fixed prices.... Continue reading at The Bookseller

[ The Bookseller | 2011-05-18 00:00:00 UTC ]
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WBN giveaway to be cut to 500,000 books

Written By: Charlotte Williams Publication Date: Tue, 17/05/2011 - 15:59 World Book Night in 2012 will see 500,000 rather than 1m books given away, WBN founder Jamie Byng told Book Industry Conference (BIC) delegates this morning, as he also discussed incorporating digital and audio elements... Continue reading at The Bookseller

[ The Bookseller | 2011-05-17 00:00:00 UTC ]
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Australia's Fairfax Media to Cut 82 Fulltime Jobs

The company is pushing ahead with plans to outsource sub-editor and designer positions, despite stop-work meetings held by staffers. Continue reading at Editor & Publisher

[ Editor & Publisher | 2011-05-13 00:00:00 UTC ]
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Children indies' concern over cover prices

Written By: Caroline Horn Publication Date: Fri, 13/05/2011 - 15:40 Publishers are remaining tight-lipped about recent price increases in books for children and teenagers. Price increases have seen some young adult titles being priced at £18, with some paperback fiction given an £8.99 price... Continue reading at The Bookseller

[ The Bookseller | 2011-05-13 00:00:00 UTC ]
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HMV in 'advanced' talks over Waterstone's sale

Written By: Bookseller Staff Publication Date: Fri, 13/05/2011 - 18:25 HMV has confirmed that it is in "advanced discussions regarding a potential sale of Waterstone's". The announcement, made late on Friday, follows a day of increased speculation with reports that Russian investor Alexander... Continue reading at The Bookseller

[ The Bookseller | 2011-05-13 00:00:00 UTC ]
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Transworld claims first day Madeleine sales of 40,000

Written By: Charlotte Williams Publication Date: Fri, 13/05/2011 - 13:05 Transworld is reporting first day sales of at least 40,000 copies of Madeleine by Kate McCann, about the infamous disappearance of her daughter from their holiday apartment in Portugal four years ago. read more Continue reading at The Bookseller

[ The Bookseller | 2011-05-13 00:00:00 UTC ]
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Sainsbury's grows book sales 20%

Written By: Lisa Campbell Publication Date: Wed, 11/05/2011 - 08:22 Sainsbury's has singled out book sales as an area of strong growth in its most recent financial year, and has said that it will now devote more new space to "non-food ranges". For the 52 weeks to 19th March 2011, the retailer... Continue reading at The Bookseller

[ The Bookseller | 2011-05-11 00:00:00 UTC ]
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Three French publishers file new lawsuit against Google

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[ The Bookseller | 2011-05-11 00:00:00 UTC ]
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Axel Springer First-Quarter Profit Advances on International, Online Sales

German publisher said it was confident for annual sales after reporting strong revenue growth thanks to its expansion abroad and into its digital business. Continue reading at Editor & Publisher

[ Editor & Publisher | 2011-05-11 00:00:00 UTC ]
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Book sales "well down" as general retail rises

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[ The Bookseller | 2011-05-10 00:00:00 UTC ]
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Blackwell cuts 19 from library supply business

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[ The Bookseller | 2011-05-10 00:00:00 UTC ]
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[ The Bookseller | 2011-05-10 00:00:00 UTC ]
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Digital sales could be 15% of total next year - Hudson

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[ The Bookseller | 2011-05-10 00:00:00 UTC ]
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Kids sales fall for third year in a row

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[ The Bookseller | 2011-05-09 00:00:00 UTC ]
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Random hits 2m ebook sales

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[ The Bookseller | 2011-05-06 00:00:00 UTC ]
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[ Folio Magazine | 2011-05-06 00:00:00 UTC ]
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[ The Bookseller | 2011-05-06 00:00:00 UTC ]
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[ The Bookseller | 2011-05-05 00:00:00 UTC ]
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