Vice Media Preparing To File For Bankruptcy

Chapter 11 filing, Vice has estimated liabilities between $500 million to $1 billion. The filing states that Vice’ management “has determined that it is advisable and in the best interest of the Vice Group Companies to enter into a stalking horse agreement for the sale of substantially all assets and related auction procedures.” In a “stalking horse” agreement, potential buyers are lined up in advance of the bankruptcy filing.“This accelerated court-supervised sale process will strengthen the Company and position Vice for long-term growth, thereby safeguarding the kind of authentic journalism and content creation that makes Vice such a trusted brand for young people and such a valued partner to brands, agencies and platforms,” Vice co-CEOs Bruce Dixon and Hozefa Lokhandwala said in a statement.

Trail-blazing youth brand Vice Media has formally filed for Chapter 11 bankruptcy protection.

Vice Media Group, said on Monday it had filed for Chapter 11 protection to facilitate its sale. The company said in a court filing that it listed both assets and liabilities in the range of $500 million to $1 billion, according to the Reuters news service. The statement also said that the group had agreed to the terms of an asset purchase agreement with a consortium of lenders. These include Fortress Investment Group, Soros Fund Management, and Monroe Capital. The consortium agreed to provide total purchase consideration of approximately $225 million in the form of a credit bid for substantially all of the company’s assets, in addition to the assumption of significant liabilities upon closing, the statement said.

Whoa! What happened?!

Jeremy Allen White and Addison Timlin are calling it quits. The Bear actor’s wife filed for divorce from him on Thursday in Los Angeles, California, ET confirms.

Jeremy Allen White and Addison Timlin are calling it quits. actor's wife filed for divorce from him on Thursday in Los Angeles, California, ET confirms. ET has reached out to White, 32, and Timlin, 31, for comment. was first to report news of their split.The longtime couple met in 2008. They welcomed their first child, Ezer, a decade later.

Jimmie Allen is having a tough week.

Jimmie Allen and wife Alexis Gale have officially filed for divorce, just weeks after announcing their separation.In the court docs, obtained by ET, both Allen and Gale filed for divorce on April 28, which they also listed as their date of separation.

Deadline’s parent company Penske Media has launched Harmony, a proprietary livestreaming platform the company has been refining over the last year. The new platform makes it possible to view PMC’s portfolio of live entertainment shows and industry experiences across all of Penske Media’s owned and operated websites (which Comscore clocks as reaching a monthly audience of 124 million unique views) and PMC social media channels that have 110 million followers. To start, Harmony viewers will be able watch the live Academy of Country Music Awards red carpet tonight at 4pm PT/ 7 pm ET, in partnership with Amazon.  

Kim Zolciak and Kroy Biermann are divorcing after 11 years of marriage. Documents obtained by Fox News Digital revealed the former NFL player filed a divorce petition May 5 in Atlanta "on the ground that the marriage is irretrievably broken."  Zolciak filed her own petition the same day.

Kim Zolciak-Biermann and Kroy Biermann! Both Kim and Kroy have filed for divorce from one another after 11 years of marriage.In a document obtained by ET, it's revealed that the former NFL player filed for divorce from the  star on May 5, noting the two are in a «bona fide state of separation.»In the doc filed in Georgia's Fulton County, Kroy states that his marriage is «irretrievably broken with no hope of reconciliation.» He is seeking the temporary and permanent sole legal and sole physical custody of the couple's four minor children. He is not seeking custody of their two older kids.Kroy wants child support to be awarded on a temporary and permanent basis, and notes that he «brought certain separate property to the marriage and seeks an award of the same.» Kroy is also seeking that all debts and obligations during the course of the marriage be divided equally and that he be awarded exclusive, temporary and permanent use and possession of the couple's home.Additionally, Kroy is asking for his attorneys' fees and expenses of litigation be paid for within reason. ET has learned that Kim filed her own divorce petition in Fulton County on the same day at Kroy.

he was actually the one to legally call it quits first — despite prior reports to the contrary. Filed on May 5 and seen by The Post, the divorce records state that Biermann “has separated from Respondent on the ground that the marriage is irretrievably broken and thereby entitling Petitioner to a divorce under Georgia law.” Zolciak was served a summons on Monday, May 8. The documents go on to note that Biermann will “seek the temporary and permanent sole legal and sole physical custody” of the former couple’s four underage children: Kroy Jr., Kash, Kaia and Kane.Both parents are required to complete a domestic intake worksheet, which monitor the treatment of their children over 30 days.The former NFL linebacker, 37, is also asking that property he purchased separate from Zolciak, 44, be awarded to him fully, but is requesting that their debt be split evenly.

Reality TV star Kim Zolciak has filed for divorce from Kroy Biermann after 11 years of marriage. According to court documents obtained by TMZ, The Real Housewives of Atlanta alum separated from the former American football star on 30 April. In the filing, she described their relationship as "irretrievably broken with no hope of reconciliation".

the Wall Street Journal.The journal cited people familiar with the matter who it did not name. Vice did not immediately respond Friday to a request for comment.

Kevin Costner's estranged wife, Christine Baumgartner, opted for a little retail therapy amid her divorce, and she was spotted doing so without her wedding ring.Baumgartner went out and did a little shopping on Thursday in Santa Barbara, California, which is not too far from the home she and the  star share in nearby Montecito. Baumgartner looked quite fashionable with a white fedora hat, denim jacket, white top, jeans and matching white kicks.The outing comes less than a week after Baumgartner filed for divorce after more than 18 years of marriage.

Todd Spangler NY Digital Editor Struggling media company Vice Media Group is gearing up to file for Chapter 11 bankruptcy protection — and then sell itself to some of its backers for about $400 million, according to a new report. The Brooklyn-based company post-bankruptcy arrangement to sell to investors including Fortress Investment Group and Soros Fund Management would value it at $400 million, the Wall Street Journal reported. That would be less than 10% of its once high-flying $5.7 billion valuation back in 2017. The New York Times last week reported that Vice was prepping a bankruptcy filing. A spokesman for Vice Media declined to comment. Representatives for Fortress and Soros Fund Management did not respond to requests for comment.

Making it official. Kevin Costner’s estranged wife, Christine Baumgartner, was spotted without her wedding ring shortly after filing for divorce.

Wow, as far as Hollywood breakups go, this is a real surprise. After an impressive 18 years of marriage, Kevin Costner is getting a divorce!

Kevin Costner has split with his wife, Christine Costner.

It’s over. Kevin Costner and his wife, Christine Baumgartner, have called it quits after nearly 19 years of marriage, Us Weekly can confirm.