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Vice Execs Were Paid Over $1 Million In Bonuses The Day After 'Painful' Layoffs

The company, which went bankrupt in May, axed over 100 jobs before cutting huge checks for senior management in April. ....

Los Angeles , Ht Max Tani , Vice Union , Vice Media , News Tonight , Twitter Tuesday ,

Vice Execs Paid $1 Million In Bonuses Before Bankruptcy

The company, which went bankrupt in May, axed over 100 jobs before cutting huge checks for senior management in April. ....

Jaec Hong , Vice Union , Vice Media , News Tonight , Twitter Tuesday ,

Vice files for bankruptcy amid digital media struggles

Vice files for bankruptcy amid digital media struggles
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Vice files for bankruptcy amid digital media struggles

The group of sites, including Vice and Motherboard, will continue publishing. ....

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RapidEye/Getty Images(NEW YORK) Vice Media, the youth-oriented publisher of prominent online outlets such as Vice and Motherboard, filed for bankruptcy on Monday, underscoring the fraught economic environment for digital media companies as economic growth slows and the advertising market softens.

The group of sites, which includes food outlet Munchies and fashion news brand Refinery29, will continue publishing as the Chapter 11 bankruptcy process unfolds and the site takes on new ownership, Vice Media said in a statement.

The bankruptcy announcement will facilitate the sale of Vice Media to a group of its top lenders led by Fortress Investment Group and Soros Fund Management which has agreed to an acquisition of the company that values it at about $225 million, the statement said.

"This accelerated court-supervised sale process will strengthen the Company and position VICE for long-term growth, thereby safeguarding the kind of authentic journalism and cont ....

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