Fortress to rescue Vice Media out of bankruptcy
Fortress will take over Vice Media and its subsidiary brands, including Motherboard, Refinery 29 and Vice Media’s stake in the Vice TV cable channel.
Fortress will take over Vice Media and its subsidiary brands, including Motherboard, Refinery 29 and Vice Media’s stake in the Vice TV cable channel.
Vice filed for Chapter 11 bankruptcy protection as it prepares to sell off the majority of its assets to a group of its creditors.
Vice Media is getting its ducks in a row for a potential Chapter 11 bankruptcy filing that could come within a matter of a few weeks.
Vice Media is cutting more than 100 jobs and ending its “Vice News Tonight” news magazine show as part of a broader business reorganization.
The documentaries will focus on topics synonymous familiar to Vice’s fanbase, including online vigilantism, mass shootings and technology.
Pluto TV’s content library will expand thanks to a new distribution agreement with Vice, the companies announced on Thursday.
Companies said they were trying to be sensitive to social movements, but newsrooms said they felt punished for covering important issues.