Unilad owner to be placed in administration

Unilad, the social-first publisher, is to be placed in administration as its current owners battle a series of financial challenges.
A judge made the ruling following a series of hearings at a specialist insolvency and companies court in London.
Judge Clive Jones heard that directors of the British company, who had previously argued against the appointment of administrators, had now agreed to the process.The company behind Unilad is Bentley Harrigan, which took over in 2014 after snapping up a majority stake from Alex Partridge, who founded the site in 2010.The viral video and news publisher's content had previously been shut down in 2012 amid a backlash against "lad culture" material.Mr Partridge claims to be owed €5m following a separate legal case against Bentley Harrigan.
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