Troubled multimedia firm Vice media has announced that it will soon stop publishing on its website. The company will also lay off several hundred staffers, as part of the "Fundamental changes" to its “strategic vision” under its new owner.

Digital media pioneer Vice media to stop publishing on its flagship website

In a move signalling a major restructuring within the media industry, Vice Media, the once-burgeoning multimedia company, has announced plans to lay off several hundred employees and cease publication on its Vice.

Vice Media announces layoffs, halts publication amid financial struggles

A group of buyers, including Fortress Investment Group, is poised to take over the bankrupt Vice Media company after submitting a bid of $225 million, according to three individuals familiar with the matter.

Fortress Investment group poised to acquire bankrupt Vice Media: Reports

The Vice media's bankruptcy saga is drawing to a close. Media reports suggest that fortress investment group is all set to buy the bankrupt media company. Fortress, Vice's largest secured creditor, is leading the buyer's list. It is followed by Soros fund management and Monroe capital. All three have made a combined bid of 225 million dollar to take over the company. A bankruptcy judge will have to give a final approval to the deal.

Fortress-led group set to buy Vice Media

Vice Media the iconic digital brand known for its websites like Vice news and Motherboard has filed for bankruptcy. Vice media also said that it has agreed to the terms of an asset purchase agreement with a Consortium of its lenders which includes Fortress Investment Group, Soros Fund Management and Monroe Capital.

Vice Media files for bankruptcy, Consortium to take over its assets and liabilities

Vice Media, once hailed as a pioneer of new-media journalism, filed for bankruptcy on Monday, marking a significant downfall in the digital publishing industry. Leading lenders, including Fortress Investment Group and Soros Fund Management, are poised to acquire the bankrupt company, as per Reuters.

Vice Media, a digital content pioneer, files for bankruptcy

Vice Media, the brash digital media disruptor that once charmed media giants like Disney and Fox into investing, is reportedly on the brink of filing for bankruptcy.

From disruptor to disrupted: Vice Media prepares for bankruptcy

It's not just banks in the U.S. That are in trouble. A New York Times report shows American media group Vice is headed towards bankruptcy. This news has sent shockwaves across U.S. Media.

Vice Media group on the brink of bankruptcy

France-based users of a prayer app called 'Muslim Pro' has been accused of selling data to the army of the United States. Former subscribers to the "Muslim Pro" app, which claims to have 95 million users around the world, filed a complaint on Monday after media reports accused the group of having shared its data with companies connected to the US army.

French users sue Muslim prayer app over alleged data sharing to US army

vice-media

Vice Media, News on Vice Media, stories on Vice Media, articles on Vice Media, Vice Media stories at Wion, Vice Media news, Vice Media latest news

vice media