Vice Media files for bankruptcy to facilitate sale


Some in the digital media world are struggling. Now there's word that vice media is filing for chapter 11 bankruptcy protection. The latest digital media company to falter. Over the years, vice developed a reputation for in your face journalism that covered daring stories all around the world, but now vice has agreed to sell its assets to a consortium of lenders. Digital advertising has plummeted this year, cutting into the profitability of major tech companies. This comes in the middle of a number of media layoffs and closures, including job cuts at gannett, NPR, The Washington Post, and more recently. In April, BuzzFeed incorporated announced that its Pulitzer Prize winning digital media outlet BuzzFeed news was being shut down as

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