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 ]

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Bio Channel's Website to Outlive the TV Network

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[ Advertising Age | 2014-02-28 00:00:00 UTC ]
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[ The Bookseller | 2012-09-14 00:00:00 UTC ]
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[ The Bookseller | 2011-07-06 00:00:00 UTC ]
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Jane Macken becomes managing director of HBM

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[ Media Week | 2011-07-05 00:00:00 UTC ]
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