Vice Media Files for Bankruptcy Following Mass Layoffs of New Staff

Photo: courtesy of Democracy Now!

Vice Media has filed for bankruptcy less than a month after laying off over 100 employees across its global newsroom.

A group of company lenders, including Soros Fund Management, has submitted a bid of $225 million to purchase Vice’s assets, while remaining operations are expected to keep running.

The media company was once considered to be worth $5.7 billion. In April, Vice canceled its award-winning weekly show “Vice News Tonight” and shut down its international news unit, Vice World News.

 

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

Artículos Relacionados