The Walt Disney Company put more than $400 million (€356.2m) cash into Vice, but in investor filings this week Disney revealed it no longer thinks it will ever get any return on the digital publisher — a company that was supposedly worth $5.7 billion.

Vice is still worth something to some; last week, a group of lenders said they put a fresh round of $250 million into the company.

Disney told investors that it had written down $353 million of its investment previously put into Vice. Last year Disney already knocked down the value of its Vice investment by $157 million.

Other posts by :

1. Xona Space wants 259 LEO satellites
2. 36 major airlines now committed to Starlink
3. Quilty: Top 5 Washington Satellite show takeaways
4. Space Wars: Starlink vs Amazon Leo
5. Eutelsat seeks ISRO deal for launches
6. Virgin Galactic sets prices for space tourists
7. Devas vs Antrix rumbles on
8. Shotwell makes TIME front cover
9. Suitors eye Globalstar

Categories: Articles, Business, Funding