Vice Media Files for Chapter 11 Bankruptcy, the Latest in a String of Digital Media Setbacks

Vice Media Files for Chapter 11 Bankruptcy, the Latest in a String of Digital Media Setbacks
Vice Media offices display the Vice logo at dusk in Venice, Calif., on Feb. 1, 2019. Mario Tama/Getty Images
The Associated Press
Updated:

NEW YORK—Vice Media is filing for Chapter 11 bankruptcy protection, the latest digital media company to falter.

Vice said 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 $225 million in credit. Other parties will also be able to submit bids.