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funeralxempire
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14 Nov 2024, 1:15 pm

The Onion wins Alex Jones' Infowars in bankruptcy auction

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The Onion, the satirical news company that repeatedly spoofed conspiracy theorist Alex Jones, has won the bankruptcy auction for control over his media empire — most notably Infowars, the far-right, conspiracy-minded website that served as Jones’ primary online platform.

Jones announced the sale on X on Thursday morning.

“I just got word 15 minutes ago that my lawyers and folks met with the U.S. trustee over our bankruptcy this morning and they said they are shutting us down even without a court order this morning,” Jones said.

“I don’t know what’s going to happen, but I’m going to be here until they come and turn the lights off,” he added.

The Onion plans to shutter Jones’ Infowars and rebuild the website featuring well-known internet humor writers and content creators, according to a person with knowledge of the sale. About an hour and a half after the announcement of the sale, Infowars' website was shut down.

Attorneys for First United American Companies, which was named as a backup bidder in the auction, filed a request Thursday seeking an immediate court-ordered meeting about The Onion's win, claiming there were changing "procedures, lack of transparency, and inaccurate disclosures to interested bidders."

The group said there was urgency because "the value of the assets is in the process of being destroyed at this very minute."

Jones, 50, one of the most-high profile and financially successful alternative media personalities, built a small empire off a radio show-turned-internet video operation centered around the Infowars brand that focused on false and often bizarre claims about grand conspiracies and government wrongdoing.

Details of Wednesday’s auction, including how much was offered for Free Speech Systems, the parent company of Infowars, and related assets, were not immediately known. Funds generated from the sale are meant to satisfy Jones’ estate creditors, largely families of victims of the 2012 Sandy Hook Elementary School shooting to whom he must pay damages in defamation verdicts.

Sandy Hook families filed lawsuits in Connecticut and Texas claiming Jones defamed them on his show and inflicted emotional distress by repeatedly suggesting the shooting, in which a gunman killed 20 first grade children and six adults, was a hoax.

Juries found Jones liable for defamation and awarded the families nearly $1.5 billion in total in their lawsuits, but they have been unable to collect anything from Jones, who claimed he can’t afford that massive a sum. He filed for bankruptcy in late 2022, and a judge in June allowed him to liquidate his personal assets to help pay off the verdicts.

The sale had the backing of several of the Connecticut families of the Sandy Hook shooting who were part of the lawsuit.

“Our clients knew that true accountability meant an end to Infowars and an end to Jones’ ability to spread lies, pain and fear at scale,” Chris Mattei, attorney for the Connecticut families, said in a statement. “By divesting Jones of Infowars’ assets, the families and the team at The Onion have done a public service and will meaningfully hinder Jones’ ability to do more harm.”

The anti-violence organization Everytown for Gun Safety said it will be the exclusive advertiser in The Onion’s new venture as part of a multiyear agreement.

John Feinblatt, the group’s president, said in a statement that he hopes to “reach new audiences ready to hold the gun industry accountable for contributing to our nation’s gun violence epidemic.”

Since April, The Onion has been led by chief executive Ben Collins, who previously covered disinformation and conspiracy theories for NBC News, a beat that often meant covering Jones. Collins has introduced several changes meant to monetize the business, including subscriptions, organized live events, and bringing back physical copies of the paper and its television parody, the Onion News Network.

In June, Collins answered calls from followers online that The Onion purchase Infowars with a meme “looking into it.”

Those interested in acquiring Jones’ media company had submitted their final offers to federal court-appointed trustee Christopher Murray, who was tasked with picking a best bid, but not necessarily the highest.

The identities of potential buyers were secret as they had to agree to nondisclosure agreements in order to receive bid materials.

The auction firms running the sale said that there are “no restrictions on the use of any acquired property in the bankruptcy order,” and that the winner has the choice of whether to continue Infowars’ operations.

On his show this week, amid pleas for listeners to buy subscriptions and the nutritional supplements he sells, Jones painted a picture of his potential buyers, describing one group of anonymous bidders as friendly backers who would allow his show to operate as normal. Others, he said, were “bad guys” who would shut Infowars down.

While he said he would continue to broadcast via an alternative channel if ordered to shutter by a new buyer, Jones noted he would be hampered by the loss of his brand, website and equipment, among other necessities.

“All you leftists celebrating the end of Alex Jones and Infowars, you’re fools,” he said. “Just watch.”

Up for grabs at the auction were Infowars production rights and materials, the Infowars store, domain names, production equipment and other assets — including a Terradyne armored truck and a Winnebago motor home — that can be purchased in their entirety or in parts, according to the firm, ThreeSixty Asset Advisors. Jones broadcasts from the Austin, Texas, area.

The auction is part of Murray’s “orderly wind-down process” under the U.S. Bankruptcy Court for the Southern District of Texas, which has overseen the latest phase of the case against Jones, stemming from the Sandy Hook massacre in Newtown, Connecticut.

In fitting form for the satirical website, The Onion’s news release announcing the sale was written in the voice of a CEO of Global Tetrahedron, a fictional evil company created by Onion staff. Former tech executive Jeff Lawson took on the name Global Tetrahedron for his real company that acquired The Onion from G/O Media in April.

“Through it all, InfoWars has shown an unswerving commitment to manufacturing anger and radicalizing the most vulnerable members of society—values that resonate deeply with all of us at Global Tetrahedron,” the release said.

Jones founded Infowars, which operates under Free Speech Systems, in 1999. The company itself held about $6 million in cash and $1.2 million in inventory, according to previous court filings from June.

The families in Texas and Connecticut have sparred in court over the liquidation process, with concerns over how the money will be distributed. Still, they have said, Jones’ loss of his company brings some accountability for his past words.

At his trial in Texas in 2022, Jones generally blamed “corporate media” for twisting his words and misportraying him, but didn’t specify how.

While Jones also testified that he believes Sandy Hook was “100% real,” he has used the ongoing litigation to galvanize his listeners as he faces the loss of Infowars.


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ASPartOfMe
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14 Nov 2024, 1:20 pm

My first reaction was this was a The Onion story.


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funeralxempire
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14 Nov 2024, 1:22 pm

ASPartOfMe wrote:
My first reaction was this was a The Onion story.


Thankfully it's a The Onion story, not just a The Onion story. :mrgreen:


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14 Nov 2024, 1:57 pm

I saw this earlier on, elsewhere than WP.

Jones pretty much died as a media presence anyway, previously, after he was booted off of YouTube and Twitter back in 2016 I think it was?



funeralxempire
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14 Nov 2024, 1:59 pm

blitzkrieg wrote:
I saw this earlier on, elsewhere than WP.

Jones pretty much died as a media presence anyway, previously, after he was booted off of YouTube and Twitter back in 2016 I think it was?


He just shifted to other online platforms, rather than actually going away.


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blitzkrieg
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14 Nov 2024, 2:00 pm

funeralxempire wrote:
blitzkrieg wrote:
I saw this earlier on, elsewhere than WP.

Jones pretty much died as a media presence anyway, previously, after he was booted off of YouTube and Twitter back in 2016 I think it was?


He just shifted to other online platforms, rather than actually going away.


True, but his audience dropped massively I believe after he lost those channels. People are more inclined to visit YouTube or Twitter than a backwater website like Infowars was.



funeralxempire
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14 Nov 2024, 2:06 pm

blitzkrieg wrote:
funeralxempire wrote:
blitzkrieg wrote:
I saw this earlier on, elsewhere than WP.

Jones pretty much died as a media presence anyway, previously, after he was booted off of YouTube and Twitter back in 2016 I think it was?


He just shifted to other online platforms, rather than actually going away.


True, but his audience dropped massively I believe after he lost those channels. People are more inclined to visit YouTube or Twitter than a backwater website like Infowars was.


Agreed, but keep in mind the people who actually spend money towards supporting Infowars don't need him to stay on YouTube because they'll follow him to whatever backwater he's stuck on, along with buying the Caveman boner pills and virility shakes and whatever other snakeoil Jones sells them.


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funeralxempire
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14 Nov 2024, 2:47 pm

https://theonion.com/heres-why-i-decide ... -infowars/


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blitzkrieg
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14 Nov 2024, 3:00 pm

funeralxempire wrote:
Agreed, but keep in mind the people who actually spend money towards supporting Infowars don't need him to stay on YouTube because they'll follow him to whatever backwater he's stuck on, along with buying the Caveman boner pills and virility shakes and whatever other snakeoil Jones sells them.


"Caveman boner pills". :lol: :lol: :lol:



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14 Nov 2024, 3:16 pm

blitzkrieg wrote:
funeralxempire wrote:
Agreed, but keep in mind the people who actually spend money towards supporting Infowars don't need him to stay on YouTube because they'll follow him to whatever backwater he's stuck on, along with buying the Caveman boner pills and virility shakes and whatever other snakeoil Jones sells them.


"Caveman boner pills". :lol: :lol: :lol:


I wish I was making it up.

Image


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"Many of us like to ask ourselves, What would I do if I was alive during slavery? Or the Jim Crow South? Or apartheid? What would I do if my country was committing genocide?' The answer is, you're doing it. Right now." —Former U.S. Airman (Air Force) Aaron Bushnell


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14 Nov 2024, 3:23 pm

That has finished me off for tonight. Haha!

:lol:



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14 Nov 2024, 3:27 pm

blitzkrieg wrote:
That has finished me off for tonight. Haha!

:lol:


Shoulda taken the caveman formula for increased stamina. :skull:


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"Many of us like to ask ourselves, What would I do if I was alive during slavery? Or the Jim Crow South? Or apartheid? What would I do if my country was committing genocide?' The answer is, you're doing it. Right now." —Former U.S. Airman (Air Force) Aaron Bushnell


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14 Nov 2024, 3:28 pm

funeralxempire wrote:
blitzkrieg wrote:
That has finished me off for tonight. Haha!

:lol:


Shoulda taken the caveman formula for increased stamina. :skull:


:lol:



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14 Nov 2024, 6:09 pm

I love it. Gonna be great.


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15 Nov 2024, 11:24 am

I really want them to publish stories under a dumb pseudonym like Jalex Bones and immediately partner with someone like G-Fuel to restock the store with poorly named powders. Go all in, The Onion.


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11 Dec 2024, 9:47 am

Bankruptcy judge rejects The Onion's bid to buy Alex Jones' Infowars

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A bankruptcy judge on Tuesday rejected a bid by The Onion’s parent company to buy Alex Jones’ far-right media empire, including the website Infowars, ruling that the auction process was unfair.

U.S. Bankruptcy Judge Christopher Lopez said after a two-day hearing that The Onion’s parent company, Global Tetrahedron, had not submitted the best bid and was wrongly named the winner of an auction last month by a court-appointed trustee.

“I don’t think it’s enough money,” Lopez said in a late-night ruling from the bench in a Houston court. “I’m going to not approve the sale.”

It was not immediately clear whether there would be a new auction in which The Onion could bid again for Jones’ assets. Lopez said he would leave the decision about what to do next in the hands of the trustee, Christopher Murray, who had overseen the auction.

The judge said Murray had acted in good faith in running the auction in which The Onion’s parent company initially appeared to prevail, but he said the trustee did not run a transparent process and should have given a rival bidder associated with Jones another chance to improve its bid.

“I think you’ve got to go out and try to get every dollar,” Lopez said. “I think that the process fell down.”

The ruling dashed, at least for now, Global Tetrahedron’s plans to take over Infowars and radically shift its content from anti-government conspiracy theories to satirical humor. Instead, Jones can continue operating his far-right media business as he has for decades.

Jones went live from a studio soon after the ruling and told viewers: “We can celebrate the judge doing the right thing.” He had previously referred to the sale process as “auction fraud” and a “fraudulent sale.”

Onion CEO Ben Collins said in a statement on X that the company was "deeply disappointed" but would “continue to seek a path towards purchasing InfoWars in the coming weeks.”

“It is part of our larger mission to make a better, funnier internet, regardless of the outcome of this case,” he said.

“We appreciate that the court repeatedly recognized The Onion acted in good faith, but are disappointed that everyone was sent back to the drawing board with no winner, and no clear path forward for any bidder," Collins continued.

Chris Mattei, an attorney for the Connecticut families, said they were also disappointed.

“These families, who have already persevered through countless delays and roadblocks, remain resilient and determined as ever to hold Alex Jones and his corrupt businesses accountable for the harm he has caused,” he said in a statement.

“This decision doesn’t change the fact that, soon, Alex Jones will begin to pay his debt to these families and he will continue doing so for as long as it takes," Mattei said.

In court Tuesday, Walter Cicack, a lawyer for First United American, alleged that the second component of the Global Tetrahedron bid consisted of “amorphous, non-cash currency.” He said his client’s all-cash offer should have won.

“Cash is cash!” he said in court.

Lopez said a different process could have earned more money for creditors including the Sandy Hook families.

“I don’t even think the $3.5 million is enough,” he said.

At stake is control of many assets from Jones’ company, Free Speech Systems, including the intellectual property associated with Infowars.com, production equipment such as computers and studio lights, and inventory from Jones’ nutritional supplements business.

Jones’ assets are being sold off in bankruptcy because he owes $1.2 billion to the families of the victims of the Sandy Hook shooting. Jones falsely and repeatedly told his audience that the shooting was a hoax, and the families successfully sued him for defamation and other claims.

In testimony before the bankruptcy court in Houston, Murray defended the auction process he used. He said his only goal was to maximize the payout going to the unsecured creditors of Jones’ company.

“I’ve conducted an open process. I haven’t excluded anyone from participating,” he said. Asked by a lawyer if he had a bias as to who should win the auction, he responded, “No, no bias.”

The auction process consisted of a solicitation for sealed, written bids. Murray initially considered a live auction but decided against it. He testified that after he determined Global Tetrahedron’s bid to be higher, he worked with the company and its lawyers to iron out details about the creditors waiving their share of the proceeds.

Lopez said in his ruling that he was not bothered by the waiver provision on its own, but he said the other bidder should have been told about it. He also said he was bothered by the ironing-out process afterward, in which he said Murray went through “mental gymnastics.”

“It didn’t even feel like they understood what they understood, speaking of the trustee and the auctioneer,” he said.

Jason Goldstein, a lawyer for The Onion’s parent company, said in court that the delay after the conclusion of the auction had been costly.

“My clients have faced this delay with significant additional cost,” he said before the ruling. “They’re still stuck here today without resolution and clarity.”


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