There are quite a few people that became major fans of the ‘Dark Side Of The Ring’ series by Vice Media, which would expose the ugly side of pro wrestling and reveal a lot of unknown details about a particular wrestler. That said, now it appears that Vice Media has officially filed for bankruptcy.
As previously reported, the Vice media group, which includes Vice TV, was set to file for bankruptcy. This was largely due to the fact that the company was simply having a hard time finding a buyer.
According to a report by PWInsider, Vice Media has officially filed for bankruptcy in a New York court this morning. That said, not all of it is bad news as the filing was done in order to make a potential sale of Vice Media worth $225 million easier.
It was further reported that the new buyers will be a group consisting of Fortress Credit Corporation as well as Soros Fund Management and Monroe Capital. This comes around the time of the fourth season of ‘Dark Side Of The Ring’ airing, which will be on May 30th.
Vice was founded in 1994, and it saw a huge boom in popularity as an alternative news source and was valued at $5.7 billion in 2017, but things are different now. Regardless, what’s done is done and that’s all that matters.
What’s your take on Vice media group selling the company? Sound off in the comments!