this post was submitted on 26 Nov 2024
346 points (99.1% liked)

News

23397 readers
3473 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

Summary

A federal judge has delayed approving the sale of Alex Jones’ media company, Infowars, to The Onion, amid disputes over the auction process.

The Onion won with a $1.75 million bid supported by Sandy Hook families, who agreed to forego their share of sale proceeds for future revenue from a revamped Infowars, enabling other creditors to collect more.

However, a competing bidder backed by Jones, First United American Companies, contested the sale, claiming its $3.5 million bid was unfairly rejected.

The judge plans an evidentiary hearing to ensure transparency.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 162 points 1 day ago (2 children)

the only other bidder in the Infowars auction — First United American Companies, which operates the ShopAlexJones.com website

Sounds like it's The Onion, or back to Alex Jones.

[–] [email protected] 72 points 1 day ago (3 children)

He also declined to immediately rule on Jones' request for a temporary restraining order to disqualify the Onion's bid, and said "whatever was status quo pre-auction remains status quo" — essentially allowing Jones to remain broadcasting from his flagship platform, Infowars, for the time being.

"Firing folks a week before Thanksgiving is not what we do, but it sounds like that's not what occurred," Lopez said. "Folks are continuing to work."

It sounds like the judge is a little too concerned not to cause discomfort to Alex Jones and his Infowars employees. It doesn't sound promising for The Onion.

[–] ricecake 57 points 1 day ago (2 children)

That doesn't sound like he conceded to Jones though, since he rejected his request.

The auction not immediately changing anything is just how it goes, it's not a concession to Jones. The onion won the auction, but the sale hasn't completed. The judge letting them keep operating is both decent to the employees, and routine to not damage an asset while the sale is being handled.

Imagine it's a grocery store rather that a shitty news outlet. You buy it for $1 million, but the judge made the previous owners lock the doors and keep workers from showing up. You now have a damaged asset filled with rotten fruit and melted ice cream that you wouldn't have paid that much for.

[–] [email protected] 5 points 22 hours ago

Moreover, the trustee, amongst other powers granted, has a legal expectation to do what is best for whomever he is technically representing. Despite The Onion's smaller monetary bid, they really did have the higher bid overall.

[–] [email protected] 4 points 23 hours ago (1 children)

It's fair that the judge says you can't take control over an asset before he's even ruled on whether you can take control over it. The opposite would be kinda silly.

[–] ricecake 6 points 22 hours ago

Right? And the onion didn't even ask to take control of it because the sale isn't final.

Jones is just throwing a hissy fit about things that aren't happening yet, and then when they don't happen yet using that to publicly declare victory. When things actually do happen he'll call it foul play by ... Someone.

[–] [email protected] 26 points 1 day ago (1 children)

The trustee is on very solid ground. He had practically unilateral authority given to him. Guess we'll see.

[–] [email protected] 43 points 1 day ago (2 children)

I have lost all faith in the American legal system. I expect Infowars to be broadcasting Jones's filth well into the 2040s

[–] iAmTheTot 10 points 1 day ago

I will not be surprised if this ends with Jones winning his counter suit against the families and bankrupting them. I have lost all faith in the USA.

[–] [email protected] 15 points 1 day ago (1 children)

Don't worry; Alex Jones isn't orange enough for the legal system to ignore.

[–] [email protected] 1 points 18 hours ago

He's useful to the orange man... unfortunately that might be enough

[–] atzanteol 4 points 1 day ago

The point is not (necessarily) to ruin Jones and the people who work for him but to pay the creditors.

In fact the court would have preferred NOT to ruin his company if possible. That was the point of chapter 11. But Jones seems hell bent on his own matrydom.

[–] [email protected] 11 points 1 day ago

That was my point.