Vice, Decayed Digital Colossus, Files for Bankruptcy

Vice Media has filed for bankruptcy, "punctuating a yearslong descent from a new-media darling to a cautionary tale of the problems facing the digital publishing industry," writes Lauren Hirsch and Benjamin Mullin via the New York Times. The media company was once valued at $5.7 billion back in 2017. From the report: The bankruptcy will not interrupt daily operations for Vice's businesses, which in addition to its flagship website include the ad agency Virtue, the Pulse Films division and Refine