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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Adult Sales Up, Kids' Sales Down In First Nine Months of 2017

Sales of adult trade books inched up 0.4% in the first nine months of 2017, over the same period in 2016, according to estimated released by the AAP’s StatShot program. Sales in the children’s/young adult segment fell 3.5% in the nine-month period compared to 2016. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-02-08 00:00:00 UTC ]
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Weak Print Sales Limit Sales Gains at Wiley

A drop in print revenue in John Wiley's publishing group was offset by increases in the company's other to operating divisions, leading to a 2% sales rise in the quarter ended July 31, 2017, over the comparable period last year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-09-08 00:00:00 UTC ]
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Trade Sales Were a Bright Spot In a Dark Year for Sales

A 1.5% increase in trade sales wasn't enough to offset declines overall industry sales in 2016. which saw a 5.1% fall. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-08-04 00:00:00 UTC ]
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Net Pricing: Is It Time to Take Prices off Book Covers?

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[ Publishers Weekly | 2014-08-22 00:00:00 UTC ]
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Holiday Retail Sales Dip at B&N, Nook Sales Plunge

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[ Publishers Weekly | 2014-01-09 00:00:00 UTC ]
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Printed book sales fall as Christmas digital sales rise

Physical book sales in the final week of the year totalled £22.5m — down 70% week on... Continue reading at The Bookseller

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Barnes & Noble Digital Sales Quadruple, Retail Sales Decline

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The Back-End Tools Sales Teams Use to Manage, Monitor and Close the Integrated Sale

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[ Folio Magazine | 2011-07-14 00:00:00 UTC ]
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Export sales growth outstripping home sales

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[ The Bookseller | 2011-02-24 00:00:00 UTC ]
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[ The Bookseller | 2011-01-27 00:00:00 UTC ]
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