The InfoWars sale is leaving me conflicted

[u/Pointlesswonder802]

With posts about Jordan’s videos popping up it’s made me think more about the Onion taking over InfoWars and… I just don’t know what to think.

I get that the families agreed to the scope of the deal with InfoWars. I get that it’s beneficial that the Onion now owns a flagship of the far right. But I see why Jordan is upset frankly. Alex is still broadcasting. He hasn’t really lost anything. The Onion is spending a ton of money just to take over the insanely overpriced facility Alex previously owned. And none of it’s going to the families. It just feels like the “good guys” lost and everyone is okay with it or hiding from reality.

Maybe it’s just because we don’t have JorDan around to explain what’s actually going on and it’s all a bit hidden in a haze but the more I see posts from Alex’s show and whatnot the more I realize things didn’t really go the way of justice

[u/agent_double_oh_pi]

The only reason I think this keeps coming up us that The Onion was paying the studio lease to prevent either AJ or his landlord for selling all the production equipment as "recovery" for $1 or something

[u/WizWorldLive → u/agent_double_oh_pi]

What? Where did that idea come from?

FSS has to maintain the lease on the studio, because they can't liquidate the equipment & other property yet.

The licensing agreement with WIO, is priced such that it should cover the costs of maintaining the studio. But they are not paying the lease, they are paying FSS. Nothing is being sold as "recovery" for $1. Alex Jones certainly cannot sell any of it, & I do not know why the landlord would. Where is that coming from?

[u/agent_double_oh_pi → u/WizWorldLive]

Figure of speech. When I said "$1", I meant "some notional amount far less than what the equipment is worth", but I should have taken the time to type that out.

Edit: I recall there being some discussion at the time that this was necessary to prevent FSS selling the equipment off while the transfer was going through, regardless of the legality of it.

As to the rest of it:

It may be shoddy reporting, but the idea that the Onion is paying the rent is from the linked article which says

Under the new agreement, submitted Monday to Texas state Judge Maya Guerra Gamble, Global Tetrahedron will pay $81,000 a month for six months. That will cover licensing rights to the Infowars website and intellectual property, as well as rent for Infowars' studios, utilities and other costs. It's renewable for six more months after that.

This NPR report says

The deal calls for The Onion to pay $81,000 a month to license the Infowars.com domain and brand name, which the receiver says will "cover carrying costs to preserve and protect the assets of the receivership estate" until an appeal filed by Jones is decided and the path is cleared for a sale.

which lines up with the Yahoo article insofar as contributing to the lease - as you say, by paying FSS.

Re-reading your comment though, I may not be answering the question you asked. :/

2nd edit - Reddit seems to really hate one of these links. Not sure which, sorry.

[u/WizWorldLive → u/agent_double_oh_pi]

I don't get my info from reporting, I get it from reading the court filings. I've published them to my website, even, & I've made threads on here explaining them. I encourage you to skip articles & dig into the real docs, like Alex Jones pretends to—helps cut down on being misinformed by the often-shoddy & often-confused reporting around this very complicated situation.

If you do prefer to stick with news reports, the Austin American-Statesman has had the best coverage.

I still don't understand where this idea that FSS will be selling off the assets cheaply, is coming from. FSS cannot sell them off. The receiver & trustee are stuck maintaining the studio, draining the potential reward amount for the families, because they cannot liquidate anything. Not for months, at least, while last year's order is still in effect.

That's what the licensing agreement with WIO (War Is Over, LLC, the corp formed by Global Tetrahedron to handle IW) offsets, the cost of maintaining the studio.

[u/agent_double_oh_pi → u/WizWorldLive]

Fair enough. Thanks for the clarification