Leftist Vice Media, once valued at nearly $6 billion, is now on the verge of bankruptcy.
Americans are sick and tired of the lies and propaganda pushed by leftist media organizations.
The far-left outlet has reportedly struggled to find a buyer.
In early March it was reported that Vice brought on a “restructuring guru” to help the struggling company while it searched for a buyer.
Deadline reported:
Vice Media Group, the swashbuckling, youth-skewing digital media brand, is preparing to file for bankruptcy.
The company, which was valued at $5.7 billion in 2017, is considering the move after struggling to find a buyer, according to reports.
It comes after a tumultuous start to the year for the company, which saw Nancy Dubuc exit after five years, replaced by Bruce Dixon and Hozefa Lokhandwala, as well as the departure of Global President of News & Entertainment Jesse Angelo to launch his own production company.
Last week, the company underwent the latest in a series of layoffs, streamlining its news division and canceling its signature show in Vice News Tonight.
“Vice Media Group has been engaged in a comprehensive evaluation of strategic alternatives and planning,” Vice said in a statement to the New York Times, which broke the news. “The company, its board and stakeholders continue to be focused on finding the best path for the company.”
The preparations come as the company is still searching for a buyer, which could happen over the next few weeks.
Vice isn’t the only leftist media company that is struggling.
Journalist Benny Johnson noted that several outlets, including ABC, WAPO, ESPN, and NPR, have implemented mass layoffs:
Americans want the truth.
Breaking Digest previously reported that Far-left BuzzFeed News is shutting down.
BuzzFeed is best known for publishing the fake Hillary Clinton-funded Russian dossier, as real news in January 2017.
