Vice Media India

Wipro is largest unsecured creditor of crisis-hit Vice Media, says report

The media group owes Wipro $9.9 million after the latter won an arbitration award

Vice Media files for bankruptcy, the latest digital media setback

Vice Media is filing for Chapter 11 bankruptcy protection, the latest digital media company to falter after a meteoric rise. Vice said on 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 USD 225 million in credit. Other parties will also be able to submit bids. The bankruptcy filing arrives just weeks after the company announced it would cancel its flagship Vice News Tonight program amid a wave of layoffs which was expected to impact more than 100 employees in the company's 1,500-person workforce, the Wall Street Journal reported. The company also said it would end its Vice World News brand, making Vice News its only brand worldwide. Monday's filing comes amid a wave of media layoffs and closures including job cuts at Gannett, NPR, the Washington Post and more over recent months. In April, BuzzFeed Inc. announced that its Pulitzer Prize winning digital media outlet BuzzFeed

Vice Media heading for bankruptcy if it fails to find a buyer: Reports

"More than five companies have expressed interest in acquiring Vice, according to a person briefed on the discussions. The chances of that, however, are growing increasingly slim"

Vice media cancels flagship show amid layoffs and company restructure

The news departments at Vice Media will be significantly impacted by the restructure

We want to create local media company, says Vice Asia Pacific chief

Across the world unscrupulous voices are being encouraged and we want to work against that false narrative, says Hosi Simon