Vice Media Files for Bankruptcy

Vice Media, which owns Vice, women’s media brand Refinery29 and fashion and culture-focussed publication i-D, filed for Chapter 11 bankruptcy on Monday.

A group of Vice’s lenders, including Fortress Investment Group, Soros Fund Management and Monroe Capital, submitted a $225 million bid to buy the company out of bankruptcy, and secured a $20 million loan to keep the business afloat in the meantime. The bankruptcy will not disrupt ongoing…