The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
May 16, 2023

Vice Media Files for Bankruptcy Following Mass Layoffs of New Staff
-------------------------------------------------------------------

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.


.