Vice Media: From $5.7 Billion to Bankruptcy
2 years ago
99
Top news right now is that Vice Media, once valued at $5 billion, is preparing to file for bankruptcy. Despite attempts to find a buyer, the company's financial troubles have culminated in this imminent bankruptcy filing, sending shockwaves through the media industry. This development follows a trend of downsizing and layoffs in the industry, including recent cutbacks at Disney, Buzzfeed, Vox Media, and NPR. The future of Vice Media remains uncertain, with its largest debtholder, Fortress Investment Group, potentially set to control the company. Follow Next News for more on this developing story.
Find more on this story at: https://www.youtube.com/nextnewsnetwork
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