Vice Media is preparing to file for bankruptcy, capping the rapid fall of a former industry darling that attracted investment from the world’s largest entertainment companies.
The online media company has been looking for a buyer but is now preparing for a possible bankruptcy filing in coming weeks, said a person familiar with the discussion, confirming a New York Times report. The decision comes about a week after the well-regarded TV and online video outlet laid off staff and canceled its flagship program Vice News Tonight.
