Vice Files Chapter 11
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 15 May 2023
⏱️ 9 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Monday, May 15th, and I'm your host, Julie Morgan. |
| 0:11.0 | The digital publishing industry claims its latest victim. |
| 0:15.3 | Vice media files for bankruptcy. |
| 0:18.0 | Today is catalyst to watch Monday. |
| 0:20.3 | One highlight of the week is retail sales. |
| 0:22.8 | How the consumer is holding up now and whether or not that goes into a kind of hard landing or soft landing scenario. |
| 0:30.4 | Look out for that report tomorrow at 8.30 a.m. |
| 0:34.0 | One Oak agrees to acquire Magellan midstream partners. |
| 0:38.0 | The deal is valued at nearly $19 billion. |
| 0:41.0 | As we kick off today's show, remember that the links to all the stories we talk about on |
| 0:46.2 | this show will be in show notes and our daily Seeking Alpha Wall Street Breakfast Articles. |
| 0:52.6 | Our top story. |
| 0:54.0 | The digital publishing industry has claimed its latest victim. |
| 0:57.5 | Vice media has filed for Chapter 11 bankruptcy protection, |
| 1:01.1 | enlisted both assets and liabilities in the range of |
| 1:04.2 | five hundred million to one billion dollars. Vice media assets include |
| 1:08.6 | Vice News, Vice TV, Refinery 29 and Motherboard. |
| 1:13.6 | Investors including Fortress Investment Group and Soros Fund management have approved $20 |
| 1:18.9 | million in debt or in possession financing to keep Vice media going through the bankruptcy process. |
| 1:25.3 | The two will end up acquiring the digital publisher for $225 million via existing loans made to the company unless other firms submit higher or better bids. |
| 1:37.0 | Today is Catalyst Watch Monday. Seeking Alpha Senior Managing News Editor Kim Khan is giving us a glimpse at what to expect this week. |
... |
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