Who will buy Infowars? Both supporters and opponents of Alex Jones interested in bankruptcy auction.
- by The Boston Globe
- Nov 08, 2024
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Email messages to Infowars and Jones' bankruptcy lawyer were not returned.
Itâs not clear how much money the auctions might bring in. In court documents, Free Speech Systems listed the total value of its properties and holdings at $18 million. Proceeds from the sales will go to creditors including the Sandy Hook families, who have not yet received any money from Jones and his company.
Confidentiality agreements and sealed bids generally are used in auctions to maximize bid amounts while preventing bidders from talking to each other and driving down the offers. The trustee in Jones' bankruptcy case said in court documents that the procedures for the Infowars auction were designed to attract the highest possible bids.
Christopher Mattei, a Connecticut lawyer representing the Sandy Hook families, called the auctions an important milestone in their yearslong fight to hold Jones accountable. He also said the families will be seeking a portion of all Jones' future income.
âFrom the beginning, the Connecticut families have sought to hold Jones fully accountable for his lies and to protect other families from him,â Mattei said. âStripping Jones of the corrupt business he used to attack the families while poisoning the minds of his listeners is an important measure of justice.â
The families sued Jones and his company for defamation and emotional distress for repeatedly saying on his show that the 2012 shooting that killed 20 first graders and six educators in Newtown, Connecticut, was a hoax staged by crisis actors to spur more gun control.
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Parents and children of many of the victims testified that they were traumatized by Jonesâ hoax conspiracies and threats by his followers.
Jones, who has since acknowledged that the shooting did happen, is appealing the judgments.
Jones has made millions of dollars from his internet and radio shows, primarily through sales of nutritional supplements, survival gear, clothing and other merchandise.
Stone, the Jones and Trump ally and a conservative commentator, said on his X account and on Jones' show that he would like to put together a group of investors to buy Infowars. He did not return email and social media messages on Thursday.
âI understand the importance of Infowars as a beacon of the truth, as a beacon of truthful information. And therefore, I would like to do whatever I possibly can to ensure, if possible, that Infowars survives," Stone said on Jones' show in September.
People on social media also have urged billionaire Elon Musk, owner of Tesla and X, to buy Infowars, an idea Jones has backed but Musk has not publicly responded to.
On the other side, Jones' detractors have shown interest in buying Infowars, kicking Jones out and turning it into something else, such as a news site that debunks conspiracy theories or even a parody site. They include officials at two progressive media sites, The Barbed Wire and Media Matters for America.
An opinion piece by The Barbed Wire in September by publisher Jeff Rotkoff had a headline that read, "Letâs Buy Infowars. Alex Jones used these exact materials to exploit his viewers, peddle conspiracy theories, and damage the lives of grieving parents. We want revenge.â
Rotkoff urged readers to donate money to help put in bids, but he said Thursday that The Barbed Wire, based in Jones' home state of Texas, was now unlikely to make any offers.
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âBut we have talked to a number of similarly ideologically aligned bidders and we are certain we will be outbid,â Rotkoff said in an email. âWeâre thrilled that there appear to be multiple well-resourced bidders who share our interest in undoing much of the damage to our country done by Alex Jones. Weâll be rooting for those folks to be successful.â
He declined to say who the other potential bidders were.
Who exactly has submitted bids so far has not been disclosed. Jeff Tanenbaum, president of ThreeSixty Asset Advisors, which is helping to run the auction along with Tranzon Asset Advisors, would only say there have been a large number of inquiries.
If detractors buy up Infowars' properties and Jones gets the boot, he should be able to build new platforms fairly quickly, said Melissa Zimdars, an associate professor of communication and media at Merrimack College in Massachusetts.
âAs long as there is an audience hungry for his content â and there is â heâll be able to utilize X and various fringe social media platforms,â she said in an email.
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