Vice Media preparing to file for bankruptcy: NYT

Co-Founders of VICE Shane Smith and Suroosh Alvi pose as they arrive for the 20th Annual Webby Awards in Manhattan, New York, US, May 16, 2016.Vice Media Group, the company behind popular media websites such as Vice and Motherboard, is preparing to file for bankruptcy, the New York Times reported on Monday , citing people with knowledge of its operations.

"Vice Media Group has been engaged in a comprehensive evaluation of strategic alternatives and planning. The company, its board and stakeholders continue to be focused on finding the best path for the company," the company spokesperson told Reuters in an emailed statement. Earlier this month, BuzzFeed Inc said it would shutter its news division, which gained renown for its irreverent and probing coverage, but ultimately succumbed to the challenges of its digital-first business model.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vice Media preparing to file for bankruptcy: ReportVice Media Group, the company behind popular media websites such as Vice and Motherboard, is preparing to file for bankruptcy, the New York Times reported on Monday (May 1), citing people with knowledge of its operations. The media firm has received interest from five companies and might consider a sale to
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »