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Vice Media Files for Bankruptcy Following Mass Layoffs of New Staff

HeadlineMay 16, 2023

Vice Media has filed for bankruptcy less than a month after laying off over 100 employees across its global newsroom. A group of company lenders, including Soros Fund Management, has submitted a bid of $225 million to purchase Vice’s assets, while remaining operations are expected to keep running. The media company was once considered to be worth $5.7 billion. In April, Vice canceled its award-winning weekly show “Vice News Tonight” and shut down its international news unit, Vice World News.

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