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☆ Meet GoDigital, the happiness-obsessed company that wants to buy Vice Media
▼ + stars: | 2023-06-16 | by ( Alex Sherman | ) www.cnbc.com time to read: +8 min

Vice Media Group logo Pavlo Gonchar | Lightrocket | Getty ImagesWhen Suroosh Alvi, Gavin McInnes and Shane Smith founded Vice magazine, which later expanded to Vice Media, they built a business based on a punk rock, counterculture image. GoDigital Media Group is a privately held conglomerate that owns video and music rights, especially in the Latin genre, and an array of different businesses. GoDigital plans to bid for Vice on Tuesday at a price between $300 million and $400 million, according to people familiar with the company's thinking. He will preach that message to Vice's employees on Day One if GoDigital acquires the company, he said. Smith, Vice's executive chairman and former CEO, couldn't be reached for comment.

Persons: Pavlo Gonchar, Suroosh Alvi, Gavin McInnes, Shane Smith, Smith, Jason Peterson, Logan Mulvey, GoDigital, Jason DeRulo, Peterson, Berkshire Hathaway, what's, Mulvey, John Leguizamo, Craig Greiwe, Sean, Diddy, Combs, couldn't, haven't, ' Peterson, Alex Wallace, Wallace, Gay Hendricks, We're, Adam Neumann's, I'm Organizations: Media, Lightrocket, Vice Media, GoDigital Media, Berkshire, Eastern Mountain Sports, NGL, Fortress Investment, Soros Fund Management, Monroe Capital, Fortress, Yahoo, CNBC Locations: Brooklyn , New York, Los Angeles

☆ Fashion’s Reluctant It Boy
▼ + stars: | 2023-06-15 | by ( Jessica Testa | ) www.nytimes.com time to read: +1 min

About two months ago, Eli Russell Linnetz moved into a house built in the mid-1980s by the actor Dennis Hopper. Mr. Linnetz had spent the last few years as a kind of Venice Beach Goldilocks, moving until he found a studio that felt just right. Walking across the property, toward a small white house where he now lives, Mr. Linnetz discovered gardenias blooming in the yard. One of his earliest renovation decisions was to tear up the studio’s floors and install plywood from the time it was built. Mr. Linnetz tends to fixate on small details in the service of telling a good story.

Persons: Eli Russell Linnetz, Dennis Hopper, Linnetz

☆ US patent tribunal sides with Intel again in $2.2 billion VLSI case
▼ + stars: | 2023-06-13 | by ( Blake Brittain | ) www.reuters.com time to read: +2 min

(Reuters) - A U.S. Patent Office tribunal ruled for Intel Corp on Tuesday on the chipmaking giant’s bid to invalidate a patent that represented $1.5 billion of a $2.18 billion verdict it lost to VLSI Technology LLC in 2021. REUTERS/Dado Ruvic/Illustration/file photoThe Patent Trial and Appeal Board invalidated the computer chip-related patent after canceling another VLSI patent that accounted for the remainder of the Texas federal court verdict last month. A jury ruled for Intel in 2021 in another Texas patent case in which VLSI had sought $3.1 billion in damages. The patent board proceeding decided on Tuesday was initiated by South Dakota-based Patent Quality Assurance LLC. The case is Patent Quality Assurance LLC v. VLSI Technology LLC, Patent Trial and Appeal Board, No.

Persons: Dado Ruvic, Kathi Vidal, OpenSky, Benjamin Fernandez, Wilmer Cutler Pickering Hale, Dorr, Bruce Slayden, Slayden Grubert, Babak, Kenneth Weatherwax, Weatherwax Read Organizations: Reuters, U.S . Patent, Intel Corp, VLSI Technology, REUTERS, U.S ., Appeals, Federal Circuit, Intel, SoftBank Group Corp, Fortress Investment Group, Assurance, OpenSky Industries, Lowenstein, Tech Locations: Texas, Delaware, Northern California, South Dakota

☆ Denver Nuggets beat Miami Heat to win first NBA title
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

[1/2] Jun 12, 2023; Denver, Colorado, USA; Denver Nuggets center Nikola Jokic (15) battles for a rebound against Miami Heat forward Jimmy Butler (22) and center Bam Adebayo (13) during the third quarter of game five of the 2023 NBA Finals at Ball Arena. Mandatory Credit: Isaiah J. Downing-USA TODAY SportsJune 12 (Reuters) - Led by 28 points from Nikola Jokic, the Denver Nuggets beat the Miami Heat 94-89 on Monday to bring a first NBA title to Mile High City. With a raucous capacity crowd packed into Ball Arena ready to celebrate, the Nuggets ended a 47-year championship wait by taking the best-of-seven series 4-1. Of the 36 teams that have fallen behind 3-1 in an NBA Finals only one, the 2016 Cleveland Cavaliers, came back to claim the Larry O’Brien Championship Trophy. Making the task even more daunting, Ball Arena has been a virtual fortress for the Nuggets, who were 9-1 at home during the postseason.

Persons: Nikola Jokic, Jimmy Butler, Bam Adebayo, Isaiah J, Downing, Jokic, Michael Porter Jr, Larry O’Brien, Steve Keating, Christian Schmollinger Organizations: Denver Nuggets, Miami Heat, Ball, USA, NBA, Nuggets, Milwaukee Bucks, Milwaukee Bucks , New York Knicks, Boston Celtics, Cleveland Cavaliers, Thomson Locations: Denver , Colorado, USA, High City, Serbian, Milwaukee Bucks ,, Miami, Toronto

The Patent Trial and Appeal Board invalidated the computer chip-related patent after canceling another VLSI patent that accounted for the remainder of the Texas federal court verdict last month. A jury ruled for Intel in 2021 in another Texas patent case in which VLSI had sought $3.1 billion in damages. The patent board proceeding decided on Tuesday was initiated by South Dakota-based Patent Quality Assurance LLC. An attorney for Patent Quality Assurance did not immediately respond to a request for comment. The case is Patent Quality Assurance LLC v. VLSI Technology LLC, Patent Trial and Appeal Board, No.

Persons: Kathi Vidal, OpenSky, Benjamin Fernandez, Wilmer Cutler Pickering Hale, Dorr, Bruce Slayden, Slayden Grubert, Babak, Kenneth Weatherwax, Weatherwax Read, Blake Brittain Organizations: Intel, USPTO, U.S . Patent, Intel Corp, VLSI Technology, U.S ., Appeals, Federal Circuit, SoftBank Group Corp, Fortress Investment Group, Assurance, OpenSky Industries, Lowenstein, Tech, Thomson Locations: Texas, Delaware, Northern California, South Dakota, Washington

☆ There's something interesting happening with Amazon's product reviews — and yes, it's about AI
▼ + stars: | 2023-06-13 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

E-commerce giant Amazon has started testing the use of AI to summarize product reviews. Such product review summaries could be useful in guiding customers toward newer reviews, per an Amazon marketing agency CTO. AI has truly taken over — e-commerce giant Amazon has even started using the technology to summarize product reviews on its website. Amazon is testing AI-generated summaries of customer reviews. Wieczorek wrote in his LinkedIn post that AI-generated product review summaries could be useful in guiding customers toward newer reviews.

Persons: Mark Wieczorek, Wieczorek Organizations: Fortress Brand, CNBC, Amazon, Big Tech, Google

☆ Job done, says Jokic, as Nuggets beat Heat to win first NBA title
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +3 min

June 12 (Reuters) - The Denver Nuggets beat the Miami Heat 94-89 on Monday to bring a first NBA title to Mile High City, with Serbian big man Nikola Jokic scoring 28 points and being named the Most Valuable Player of the Finals. With a raucous capacity crowd packed into Ball Arena ready to celebrate, the Nuggets ended a 47-year championship wait by taking the best-of-seven series 4-1. "The job is done, we can go home now," said Jokic, whose trophy case also includes two NBA MVP Awards. [1/7] Jun 12, 2023; Denver, Colorado, USA; The Denver Nuggets celebrate after winning the 2023 NBA Finals against the Miami Heat at Ball Arena. But after a timeout the refocused Heat went on a 11-2 run of their own to retake lead as a wild opening quarter ended with Miami up 24-22.

Persons: Nikola Jokic, Jokic, I'm, Michael Porter Jr, Jamal Murray, Jimmy Butler, Larry O’Brien, Kyle Terada, Tyler Herro, Butler, Bruce Brown, Michael Malone, I've, ” Malone, Steve Keating, Peter Rutherford Organizations: Denver Nuggets, Miami Heat, NBA, Ball, Nuggets, Milwaukee Bucks, Milwaukee Bucks , New York Knicks, Boston Celtics, Cleveland Cavaliers, The Denver Nuggets, Miami, Denver, Thomson Locations: High City, Serbian, Denver, Miami, Milwaukee Bucks ,, Denver , Colorado, USA, Toronto

A younger member of the Tisch family spent nearly $20 million in recent days buying up more shares of Loews Corp ., according to securities filings and VerityData. Benjamin Tisch, the son of Loews CEO James Tisch, bought about $18.8 million worth of stock over three days. Loews — The conglomerate's senior vice president Benjamin Tisch scooped up about $18.8 million worth of stock from May 31 to June 2. It is first buy on record for Benjamin Tisch. StepStone Group — Head of strategy Michael McCabe bought $2.2 million worth of the asset management firm's stock in the first five days of June.

Persons: Tisch, Benjamin Tisch, James Tisch, Michael McCabe, Daryl Bible, Bible, Christopher Rondeau, Jan De Witte, Eric Schwartz Organizations: Loews Corp, Loews, CNA Financial, CNA, Fortress Investment Group, VerityData, StepStone, —, T Bank, Truist, Integra LifeSciences

☆ One of the most dangerous hours in America is now 11 o’clock on Sunday morning
▼ + stars: | 2023-06-10 | by ( John Blake | ) edition.cnn.com time to read: +19 min

It would also foreshadow a disturbing trend that has only worsened in subsequent years: 11 o’clock on Sunday morning is now one of the most dangerous hours of the week in America, pastors and church security officials say. Brady Boyd, senior pastor of New Life Church, the same church where Assam confronted a gunman 16 years ago. And in 2018, a gunman killed 11 worshippers at the Tree of Life synagogue in Pittsburgh. But his church security does not have a monopoly on Sunday morning firepower. Consider this sobering Sunday morning scenario:A spiritual seeker visits a church and finds it filled with metal detectors and armed security guards carrying walkie-talkies.

Persons: Jeanne Assam, He’s, Beretta, Jake Stephens, Brian Snyder, ”, Brady Boyd, Boyd, “ That’s, Scott Olson, Rabbi Hillel Norry, Beth David, Norry, “, Kwon, Jeff Swensen, ” Norry, that’s, Shaukat Warraich, Dwayne Harris, Harris, Hope, ” Harris, Darren Hauck, Tim Russell, ‘ I’m, David Swanson, Pastors, Jesus ’, ” Boyd, Jesus, Tommy Mason, Mason, Joe Biden, Jill Biden, Saint Joseph, Beau Biden, Brendan Smialowski, Jerilee Bennett, George W . Bush, “ You’re Organizations: CNN, New, Church, Emanuel African Methodist Episcopal Church, Reuters Churches, New Life, White, Texas Church of Christ, Baptist, Security, Police, House Church, Geneva Presbyterian, Colorado Springs, Marion County Baptist Association, Service, Brandywine Catholic, “ Police, AP, Minneapolis Police Department Locations: Colorado, Assam, Colorado Springs, America, Charleston , South Carolina, Sutherland Springs , Texas, Texas, Orange County , California, Oak Creek , Wisconsin, Pittsburgh, Georgia, Pittsburgh , Pennsylvania, That’s, New Zealand, Missouri, ”, Geneva, Laguna Woods , California, Marion, Alabama, Saint, Brandywine, Brandywine Catholic Church, Wilmington , Delaware, AFP, AP Assam

☆ The Harvard economics PhD whiz who is teaching generative AI to invest for everyone
▼ + stars: | 2023-06-06 | by ( Kiley Lambert | ) www.cnbc.com time to read: +3 min

Szilagyi has the record for the fastest-ever Harvard Economics Ph.D. (2.5 years), studying under Ken Rogoff. In addition to his economics Ph.D., Szilagyi holds BA and MA degrees in mathematics and economics from Yale. Szilagyi: Toggle is a generative AI startup that sits squarely at the intersection of finance and artificial intelligence. Toggle AI was really born from observing the ever-mounting flow of financial data that we needed to track. Thanks to his support, Toggle AI took off with a mission to provide every investor and advisor with powerful AI tools in an easy-to-navigate, chat interface.

Persons: Jan Szilagyi, Szilagyi, Stanley Druckenmiller, Lombard Odier, Ken Rogoff, Giuseppe Sette, Druckenmiller Organizations: Duquesne Capital, Lombard, Harvard, Yale, CNBC, Summit, Microsoft, Duquesne Locations: Szilagyi, Lombard

☆ Croatia's little-visited coastline above Dubrovnik
▼ + stars: | 2023-06-05 | by ( Mary Novakovich | ) edition.cnn.com time to read: +11 min

There’s even Kornati National Park, one of Croatia’s most compelling natural spaces, spread over 89 islands. Meanwhile, Trogir – whose old town occupies its own little island – is a magical place protected by UNESCO World Heritage status. In just one square within the walled old town you’ll be immersed in centuries of history. Primošten’s old town is on its own little island connected to the newer town by a causeway. Look out for a little promontory just to the north of the old town, where you’ll see pebbly beaches backed by pine trees.

Persons: Trogir, Anastasia, Danny Lehman, –, you’ll, Trg, Mary’s, Boonchet, Nikola Bašić, you’ve, Nin, Veli, it’s, Anton Petrus, there’s, Jakov, Ivan Coric, You’ll, George, Andrey Omelyanchuk, Mary Novakovich, “ Organizations: CNN, Dalmatia, UNESCO World, Kolovare, Getty, Yugoslav, UNESCO Locations: Split, Dubrovnik, Croatian, Croatia’s, Zadar, Trogir, You’ll, Šibenik, Zadar's, Donat’s, St, Mary’s, you’re, Kolovare, Bibinje, Nin, –, Sakarun, Dugi, Murter, Sibenik's, Lawrence’s, Krka, Skradin, Primošten, Čiovo, Riva

☆ RBC upgrades Chevron, says oil giant can navigate a volatile market thanks to a 'fortress balance sheet'
▼ + stars: | 2023-06-01 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

RBC Capital Markets thinks oil giant Chevron can thrive in an increasingly unstable macroeconomic environment. The bank upgraded Chevron stock to outperform from sector perform on Thursday. RBC analyst Biraj Borkhataria thinks Chevron's has managed its balance sheet conservatively in the past, which has helped the company sustain its dividend yield as well as acquire companies successfully. CVX YTD mountain Chevron stock has pulled back more than 16% from the start of 2023. Last month, HSBC upgraded the oil giant to buy from hold, noting the stock's recent drop has created a buying opportunity .

Persons: Biraj Borkhataria, Chevron's, Borkhataria, — CNBC's Michael Bloom Organizations: RBC Capital Markets, RBC, PDC Energy, Chevron, HSBC Locations: Chevron, Wednesday's

☆ Cramer's Lightning Round: Novavax is a no-go
▼ + stars: | 2023-05-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Jazz Pharmaceuticals' year-to-date stock performance. Stock Chart Icon Stock chart icon ON Semiconductor's year-to-date stock performance. Stock Chart Icon Stock chart icon Novavax's year-to-date stock performance. Stock Chart Icon Stock chart icon Golar LNG's year-to-date stock performance. Stock Chart Icon Stock chart icon Tyson Foods' year-to-date stock performance.

Persons: it's, I'd, You've, Golar, Tyson Organizations: Jazz Pharmaceuticals, Investing, ON, Golar, New Fortress Energy, Tyson Foods Locations: Moderna

☆ New Fortress Energy CEO Wes Edens sits down with Jim Cramer
▼ + stars: | 2023-05-31 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

New Fortress Energy CEO Wes Edens sits down with Jim CramerNew Fortress Energy CEO Wes Edens joins 'Mad Money' host Jim Cramer to discuss energy accessibility, hydrogen power and more.

Persons: Wes Edens, Jim Cramer Organizations: New Fortress Energy, Jim Cramer New Fortress Energy

☆ A world in three islands on the Mediterranean
▼ + stars: | 2023-05-25 | by ( Pavlo Fedykovych | ) edition.cnn.com time to read: +16 min

CNN —In the middle of the Mediterranean Sea lies a small country made up of three inhabited islands and irresistible allure. Across its three inhabited islands – Malta, Gozo and Comino – you’ll find every sun-soaked aspect of the perfect vacation. The solution: Marsaskala, towards the southeastern tip of Malta island. Mellieħa Bay and St. Paul’s BayBugibba is a classic seaside resort town in St. Paul's Bay. The population is a modest two people, there are no cars, and no signs of globalization – just the untouched Mediterranean.

☆ Abu Dhabi's Mubadala to buy majority stake in Fortress Investment from SoftBank
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +1 min

May 22 (Reuters) - Abu Dhabi's Mubadala Investment Co will acquire a majority stake in U.S. asset manager Fortress Investment Group from Japan's SoftBank Group Corp (9984.T). Financial terms of the deal were not disclosed, Mubadala and Fortress Investment said in a joint statement on Monday. After the completion of the deal, Fortress' management will own a 30% stake in the company, while Mubadala Capital will hold the rest, according to the statement. Fortress management will hold a class of equity that entails it to appoint a majority of seats on the board. Fortress will appoint Drew McKnight and Joshua Pack as co-CEOs and Pete Briger as chairman, the companies said.

☆ Ukraine's Zelenskyy denies that Bakhmut is occupied by Russian forces
▼ + stars: | 2023-05-21 | by ( ) www.cnbc.com time to read: +7 min

Her comments came after Ukrainian President Volodymyr Zelenskyy, at the Group of Seven summit in Japan, appeared to suggest that Bakhmut had fallen. And the spokesman for Ukraine's Eastern Group of Forces, Serhii Cherevaty, said that the Ukrainian military is managing to hold positions in the vicinity of Bakhmut. Russian forces still seek to seize the remaining part of the Donetsk region still under Ukrainian control, including several heavily fortified areas. Prigozhin tried to use the battle for the city to expand his clout amid the tensions with the top Russian military leaders whom he harshly criticized. "We fought not only with the Ukrainian armed forces in Bakhmut.

☆ Explainer: How important is Wagner's claimed capture of Bakhmut?
▼ + stars: | 2023-05-20 | by ( Andrew Osborn | ) www.reuters.com time to read: +6 min

[1/4] A general view shows a building damaged by a Russian military strike, amid their attack on Ukraine, in the front line city of Bakhmut, in Donetsk region, Ukraine February 27, 2023. REUTERS/Alex... Read moreLONDON, May 20 (Reuters) - Russian mercenary chief Yevgeny Prigozhin said on Saturday that his Wagner fighters had completed the capture of the Ukrainian city of Bakhmut after months of intense fighting, a claim denied by Ukraine. Zelenskiy portrayed "Fortress Bakhmut" as a symbol of defiance which he said was bleeding the Russian military dry. If confirmed, Bakhmut would be Russia's first major capture since July last year and a morale-boosting battlefield win after a string of defeats. The city's capture would be a boost for Russia's most high-profile mercenaries - Wagner - and their publicity-hungry founder Prigozhin.

☆ Eyeball to eyeball: Estonia stares down Russia
▼ + stars: | 2023-05-20 | by ( Jill Dougherty | ) edition.cnn.com time to read: +9 min

It sits high on the western bank of the Narva River, its 13th-century castle proudly flying the blue, black and white flag of Estonia. We think we know roughly what makes them tick.”Like parts of Ukraine, Estonia was illegally annexed and occupied by the Soviet Union. Estonians at the conference were adamant: Unless Russia is utterly defeated in Ukraine, there is no reason to expect Putin will change his strategic objective. Jill Dougherty/CNNSeveral Russians at the conference said they feel personally responsible for the horrors Russia is unleashing on Ukraine. What’s more, Vladimir Putin is winning support for the war from so-called “swing states” and nations in the Global South.

☆ Russia's Prigozhin says Bakhmut will not fall in next two days
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, May 19 (Reuters) - Wagner founder Yevgeny Prigozhin said on Friday that the city of Bakhmut was unlikely to fall to his mercenary forces in the next two days as fighting raged around Ukrainian soldiers holed up in a makeshift "fortress" in the south of the city. The Ukrainian city of Bakhmut, known in Russia by its Soviet-era name of Artyomovsk, is in ruins after months of intense fighting between Ukrainian and Russian forces who call it the "meat grinder". "Bakhmut has still not been taken," Prigozhin said in a voice message posted on Telegram. "Bakhmut is unlikely to be taken either tomorrow or the day after tomorrow." Russia has been trying to capture Bakhmut since last summer in the longest and bloodiest battle of the war, but Ukrainian defenders have held out.

☆ Ukraine says Russia trying to recapture land around Bakhmut, Kyiv repels attacks
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +1 min

KYIV, May 19 (Reuters) - Ukraine said on Friday Russian forces were trying to recapture land they had lost around the devastated eastern Ukrainian city of Bakhmut, but that Ukrainian troops were repelling the attacks. Deputy Ukrainian Defence Minister Hanna Maliar said the Russian forces had gained some ground inside Bakhmut itself in fierce fighting but did not control the city. "The enemy is trying to regain what they have lost... but our forces are repulsing the attacks," she said in televised remarks. She said the Russian forces had made "some progress" inside Bakhmut but did not say how far forward they had advanced. The head of Russian mercenaries fighting in Bakhmut said the city was unlikely to fall in the next two days.

☆ A Centuries-Old Mystery: Did This Elusive Viking City Exist?
▼ + stars: | 2023-05-18 | by ( Andrew Higgins | ) www.nytimes.com time to read: +1 min

After the local government decided to build an observation tower atop a sandy hill on Wolin, an island in the Baltic Sea, a Polish archaeologist was called in to check the site before construction and look for buried artifacts from the spot’s macabre past. Hangmen’s Hill, a public park, had in earlier times been an execution ground, a cemetery and, some believe, a place for human sacrifices — so who knew what grisly discoveries were in store? But what the archaeologist, Wojciech Filipowiak, found when he started digging caused more excitement than distaste: charcoaled wood indicating the remains of a 10th-century stronghold that could help solve one of the great riddles of the Viking Age. Was a fearsome fortress mentioned in ancient texts a literary fantasy or a historical reality? It has long been known that Nordic warriors established outposts more than a millennium ago on Poland’s Baltic coast, enslaving indigenous Slavic peoples to supply a booming slave trade, as well trading in salt, amber and other commodities.

☆ Vice Media's bankruptcy has 'killed the ad pipeline' for the company, sources say, as questions about its future roil staffers
▼ + stars: | 2023-05-18 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +5 min

Vice Media filed for Chapter 11 bankruptcy on May 15, leaving current and laid-off staffers anxious over what's next. One advertising source told Insider, "The bankruptcy has killed the ad pipeline." Employees who were laid off in recent weeks are demanding answers about how the company's bankruptcy will affect the terms of their departure. One of the former execs told Insider they were just keeping their fingers crossed that payments come through. A person close to the company said Vice Media intends to pay severance and COBRA, subject to court approval.

☆ Man City outclass Real Madrid to reach Champions League final
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +4 min

MANCHESTER, England, May 17 (Reuters) - Manchester City marched into the Champions League final for the second time in three seasons after outclassing holders Real Madrid 4-0 for a 5-1 aggregate victory at a raucous Etihad Stadium on Wednesday. With Inter Milan awaiting in the final, City will now be huge favourites to finally deliver the trophy Abu Dhabi's Sheikh Mansour has craved since buying the club in 2008, having lost to Chelsea two years ago. Just as in the Spanish capital, City took an early stranglehold with Real barely stringing two passes together and finding it almost impossible to escape their own half. City toyed with the 14-times champions for the rest of the half and could have been further ahead. With their place in the Istanbul showpiece secured, City can win their fifth Premier League title in six seasons this weekend and they also have an FA Cup final to look forward to.

[1/2] Co-Founders of VICE Shane Smith (L) and Suroosh Alvi (R) pose as they arrive for the 20th Annual Webby Awards in Manhattan, New York, U.S., May 16, 2016. REUTERS/Mike SegarMay 15 (Reuters) - Vice Media Group, popular for websites such as Vice and Motherboard, filed for bankruptcy protection on Monday to engineer its sale to a group of lenders, capping years of financial difficulties and top-executive departures. Vice listed both assets and liabilities in the range of $500 million to $1 billion. Vice was among a group of fast-rising digital media ventures that once had rich valuations as they courted millennial audiences. It rose to prominence alongside its co-founder Shane Smith, who built his media empire from a single Canadian magazine.

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