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Associated Press

Vice Media files for Chapter 11 bankruptcy, the latest in a string of digital media setbacks

Vice Vice Media Bruce Dixon Hozefa Lokhandwala Nancy Dubuc Facebook

Copyright 2023 The Associated Press. All rights reserved

Vice Media is filing for Chapter 11 bankruptcy protection, the most recent digital media company to falter after a meteoric rise.

Vice said Monday that it has agreed to sell its assets to a consortium of lenders — Fortress Investment Group, Soros Fund Management and Monroe Capital — in exchange for $225 million in credit. Other parties will be able to submit bids as well.

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