Further digital media chaos as Vice files for bankruptcy

As another digital content pioneer fights for its life, the future of the sector seems more uncertain than ever.
Vice Media, a cutting-edge digital media group once valued at $5.7 billion, has filed for Chapter 11 bankruptcy ahead of a presumed sale to some of its lenders. This marks just the latest reverse for the digital publishing, following the closure of Buzzfeed News last month, indicating severe challenges for any business that relies on major digital distribution platforms such as Google