Short answers, pulled from the story.
Vice Media filed for Chapter 11 bankruptcy on the 15th of May 2023. The company was subsequently sold to a consortium led by Fortress Investment Group, alongside Soros Fund Management and Monroe Capital, for $350 million, with the sale closing in August 2023.
Vice magazine was co-founded by Suroosh Alvi, Gavin McInnes, and Shane Smith. It originated from a Montreal publication called Voice of Montreal, founded in October 1994, and the founders renamed it Vice in 1996 after buying out the original publisher.
Vice Media was valued at $5.7 billion following a $450 million investment from private-equity firm TPG Capital in June 2017. That peak valuation preceded years of financial decline that led to the company's bankruptcy filing in May 2023.
Vice News Tonight, a nightly news program that premiered on the 10th of October 2016, was cancelled on the 10th of June 2019 when HBO ended its seven-year partnership with Vice Media. The cancellation was part of a broader restructuring that included merging Viceland and Vice News.
Vice News Tonight aired Charlottesville: Race and Terror on the 14th of August 2017, the same weekend as the Unite the Right rally in Charlottesville, Virginia. The episode accumulated more than 44 million views between HBO and online platforms within two weeks and received a Peabody Award for public service journalism in April 2018.
In December 2017, The New York Times reported that Vice had reached four settlements involving sexual harassment or defamation allegations and that more than 20 women had experienced or witnessed sexual misconduct at the company. Co-founders Shane Smith and Suroosh Alvi acknowledged in a written statement that the company had failed to create a safe and inclusive workplace.