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Vice Media, the parent company of Vice TV, which airs Dark Side of the Ring, Tales of the Territories and in the past has featured MLW content, officially filed for bankruptcy today in New York in an attempt to make a sale of the company easier.
The company, once valued at $5.7 billion, filed for Chapter 11 bankruptcy this morning, with the 24-page filing noting that a sale of the company for $225 million, including all assets and current liabilities, is on the table and is expected to be completed within the next several months.
The new buyers, based on filed paperwork, will be a group consisting of Fortress Credit Corporation (listed as owed $475 million in the filing) as well as Soros Fund Management and Monroe Capital.
WWE broadcast partner A&E (who own a stake in Vice) were listed as owed $937,000 currently.
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