The company, once valued at $5.7 billion, has struggled with debts and shrinking ad revenue in recent years.
Filing for bankruptcy is a new low for a company that was once one of the hottest media brands around, and boasted investment from the likes of Fox Corp. and Disney. At one point Vice was reportedly valued at $5.7 billion and was set on a path for a stock market listing.
But the Brooklyn-based company has suffered greatly from a series of internal problems and outside factors that it had little control over. In particular, 2023 has proved to be something of annus horribilis for Vice, with
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Vice Media Group files for Chapter 11 protection to facilitate saleVice Media Group, the company popularly known for its websites such as Vice and Motherboard, said on Monday it had filed for Chapter 11 protection to facilitate its sale.
Les mer »
Crypto Biz: Ripple’s expensive battle, Bittrex bankruptcy and a new blockchain networkThis week’s Crypto Biz explores Arbitrum’s latest proposal, Ripple’s two-year battle with the SEC and a large corporations’ coalition to build blockchain solutions for institutional investors.
Les mer »
15 Celebrities Who Filed For Bankruptcy — And What Happened Before And AfterThe only thing harder than making money is keeping it.
Les mer »
Anti-immigration group files suit against D.C.’s noncitizen voting lawThe suit seeks to prevent the D.C. Board of Elections from implementing the D.C. Noncitizen Voting Act, passed by the D.C. Council in October.
Les mer »
Biden administration files emergency court order to allow migrant releases on paroleThe Biden administration filed an emergency motion Friday to halt a court order that blocked the administration from releasing immigrants from the border on parole to prevent overcrowding.
Les mer »
Drugmaker Athenex voluntarily files for U.S. Chapter 11 proceedingsDrugmaker Athenex Inc and certain of its subsidiaries voluntarily filed for Chapter 11 proceedings, the company said on Sunday.
Les mer »