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Home>Resource Center>Vice Media reportedly headed toward bankruptcy

Vice Media reportedly headed toward bankruptcy

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The digital media company Vice, which was once valued at nearly $6 billion, is reportedly preparing to file for Chapter 11 bankruptcy. The New York Times first reported that the company has been seeking a buyer to avoid failure, and could still find one, but chances are now considered slim. The company, which was founded in 1994 as a music, art, and trends magazine in Montreal, blossomed into a global news media empire with operations in dozens of countries.

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