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Vice Media Weighs Bankruptcy After Laying Off Staff, NYT Says

  • One-time media darling laid off staff and canceled programs
  • The company could still stave off bankruptcy via a takeover
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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.