Vice Media Prepares for Potential Bankruptcy and Sale After Years of Losses

Digital media company Vice Media is planning to file for bankruptcy according to multiple sources.
The company has struggled to turn a profit and recently shut down some operations. <s>
<s>Vice's major investor Fortress Investment Group could take control of the company through the bankruptcy process.
Vice is looking for potential buyers but interest has been limited.
Vice confirmed it is cancelling its nightly news program as part of a restructuring that includes job cuts,