![]() Richard Cheney,” a 2007 article by Wil S. The most succinct statement of his misdeeds comes from “The People v. Even Iraq War supporters should rue his involvement. And after the invasion, he contributed to the early dysfunction on the ground. But Dick Cheney’s role in the run-up to war was uniquely irresponsible and mendacious. President Bush bears ultimate responsibility for the Iraq War, as do the members of Congress who voted for it. As his memoir, In My Time, hits bookstores today, and he does a series of friendly interviews in the press, some Americans with short memories might wonder, “Why is it that so few were willing to endorse his performance in office?” Few political figures in history have been so reviled. ![]() CNN Sans ™ & © 2016 Cable News Network.When Vice President Dick Cheney left office, his approval rating stood at a staggeringly low 13 percent. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. ![]() US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account A person familiar with the matter told CNN that GoDigital was preparing to submit a bid between $300 million and $350 million. The company said Thursday that it had submitted a bid for significantly more than the stalking horse bid by the three creditors. GoDigital Media Group disputed the assertion that a better bid had not been submitted. The sale process allowed others to make a better bid, but Vice said that no such offers materialized. On Thursday, Vice filed court documents showing the group had raised its offer to $350 million. At the time, Fortress, Soros, and Monroe submitted what is known as a “stalking horse bid” for the company’s assets, an initial offer that sets the number on the low end of the scale. Vice Media filed for Chapter 11 bankruptcy in mid-May. Vice Media has instead found itself ensnared in various business difficulties and executive changes, including the 2018 resignation of co-founder Shane Smith and the departure of his successor, chief executive Nancy Dubuc, earlier this year.Īs the company explored a sale, it also restructured and slashed its workforce and canceled its flagship “Vice News Tonight” program. ![]() In recent years, Vice Media has failed to live up to the lofty expectations that it - and the industry - set for the company, which was once valued at more than $5 billion. The acquisition agreement is the latest in a tumultuous period for Vice Media, which was once held up as the future of the business. Vice will ask a bankruptcy court on Friday to approve the deal. “Under new ownership,” Dixon and Lokhandwala added, “we look forward to a new chapter in VMG’s history, with a renewed focus and commitment to creating world-class content for our audiences and partners.” “It still hasn’t been finalized by the court, but once it is, it will mark an important milestone on the road to long-term financial health and stability for VMG.” “We are providing you with this update in real-time to let you know the Company’s intention to move forward with this sale,” Dixon and Lokhandwala wrote in the memo. The acquisition of the one-time media powerhouse by its three creditors - made up of Fortress, Soros Fund Management and Monroe Capital - is set to take place after Vice said in a legal filing Thursday that it received no other satisfactory bids as it explored a sale for the company.īruce Dixon and Hozefa Lokhandwala, co-chief executives of Vice Media Group, informed staff of the decision in a memo Thursday morning. Vice Media, the once-high flying digital media company valued at billions of dollars, is set to be acquired out of bankruptcy by three investment companies, including Fortress Investment Group, for $350 million.
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