Vice Media Group files for Chapter 11 protection to facilitate sale
Vice has also obtained commitments for debtor-in-possession financing from the lenders, as well as consent to use more than $20 million of cash that constitutes the cash collateral.
By News on the Net -- New York Post—— Bio and Archives--May 15, 2023
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Vice Media Group, the company popularly known for its websites such as Vice and Motherboard, said on Monday it had filed for Chapter 11 protection to facilitate its sale.
The company said in a court filing that it listed both assets and liabilities in the range of $500 million to $1 billion. ---More...
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