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Joele Frank is handling the Chapter 11 filing of Vice Media Group as it arranges a $225M bailout from Soros Fund Management, Fortress Investment Group and Monroe Capital.
The Brooklyn-based company’s brands, which include Vice, Vice News, Vice TV, Vice Studios, Pulse Films, Virtue, Refinery29 and I-D, will continue producing content during the reorganization.
Vice TV’s joint venture with A&E and overseas properties are not part of the Chapter 11 filing.
“The accelerated court-supervised sale process will strengthen the company and position Vice for long-term growth, thereby safeguarding the kind of authentic journalism and content creation that makes Vice such a trusted brand for young people and such a valued partner to brands, agencies and platforms,” co-CEOs Bruce Dixon and Hozefa Lokhandwala said in a statement.
Vice Media Group expects to complete the sale in two to three months.
Joele Frank, Wilkinson Brimmer Katcher’s Dan Moore and Scott Bisang represent Vice Media Group.
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