Vice files for bankruptcy protection as creditors prepare to take control
The media company was valued at $5.7 billion in 2017, but could now be sold for just $225 million
Vice, the media company, has filed for bankruptcy protection in the US after bosses struggled to find a buyer for the innovative news firm. The Chapter 11 filing at a court in New York is setting the stage for the company’s creditors to take control over the business.
It marks a fall from grace for Vice, which shot to prominence in the 2010s with a form of journalism designed to attract younger audiences. It also ...