Global publisher Vice Media files for bankruptcy with debts of $1.2bn

May 16, 2023 9:52

Vice Media, the global youth-focused publisher once valued at almost US$9 billion (AU$13.4 billion), has filed for bankruptcy.

Paperwork filed in the United States on Monday shows debts of US$834 million (AU$1.24 billion), but the company, which operates titles including Vice News, Refinery29 and Vice TV, could live on.

The New York Times reports operations will continue for now while a group of creditors – including billionaire George Soros – discuss acquiring parts of Vice.

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Shannon Molloy

Shannon Molloy is Mumbrella's editor. He joined in May 2023.

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