Once valued at nearly $6 billion, Vice files for bankruptcy

• Vice filed for bankruptcy, wiping out equity holders who poured in hundreds of millions, including TPG and James Murdoch.
• The company filed for Chapter 11 bankruptcy on Monday in New York's Southern District Court.
• The company's filing listed assets and liabilities in the range of $500 million to $1 billion.

Vice Media, the youth-targeted media brand cofounded by Shane Smith in Montreal nearly 30 years ago, filed for Chapter 11 bankruptcy on Monday in the Southern District of New York, listing assets and liabilities in the range of $500 million to $1 billion.