Vice Media is going insolvent, according to the NYT

Vice Media, once the largest youth media group in the world, is preparing to file for bankruptcy, the New York Times reported. Five companies have shown interest in buying Vice, but the chances of an acquisition are growing increasingly slim. Vice's largest investor, Fortress Investment Group, holds senior debt at the company and would be the first to be paid in the event it is sold. Since its peak, Vice has encountered a more difficult digital media market and has failed to turn a profit for several years.