Monday, October 2

Tag: Bankruptcy

Refinery29 a victim of ‘woke’ politics, Vice critics say
Politics

Refinery29 a victim of ‘woke’ politics, Vice critics say

Vice Media filed for bankruptcy this week, and some media watchers are particularly disappointed over the fall of Refinery29. Brooklyn-based Vice had shelled out $400 million for the fashion and beauty blog in 2019 — nearly double the $225 million that Vice sold for in court on Monday — and at the time, media insiders said Refinery29 may have been worth it. But under its new owner, Refinery29 moved away from covering fitness trends and beauty hacks in favor of posts that were more focused on social justice.  After co-founder and editor-in-chief of 15 years Christine Barberich left in 2020 amid accusations she created a sexist and racist work environment, the publication became even more progressive. “Refinery 29 chose the whims of their writers over the...
Alex Jones’ media company files for bankruptcy amid defamation trial
Business

Alex Jones’ media company files for bankruptcy amid defamation trial

Conspiracy theorist Alex Jones' media company Free Speech Systems filed for bankruptcy on Friday — but his attorney said it should not disrupt the defamation damages trial underway in Texas that seeks to force Jones to pay $150 million or more to the family of one of the children killed in the 2012 Sandy Hook Elementary School attack.The trial in Austin, where Jones lives and Free Speech Systems is based, wrapped up its first week of testimony Friday and is expected to conclude next week. The bankruptcy filing was announced by Jones' attorney Andino Reynal late in the day.Reynal and attorneys for the family suing Jones told Judge Maya Guerra Gamble that the bankruptcy filing would not halt the lawsuit. The company wants "to put this part of the ...