March 2023

Alex Jones Discloses More Guns, Moving Crypto in Bankruptcy (1)

Right-wing conspiracist Alex Jones and his lawyers told creditors involved in his bankruptcy that he has 49 firearms and donated about $7.8 million worth of cryptocurrency to his businesses.

As creditors scrutinize his assets, Jones and his lawyers also said at a meeting Thursday that he owns several Rolex watches and a bag of silver coins.

The Department of Justice’s bankruptcy watchdog, the US Trustee, and others used the meeting to ask Jones questions about personal financial statements he filed last week.

Jones’ personal bankruptcy has temporarily protected him against roughly $1.4 billion in defamation judgments. Juries have found Jones and his company, Infowars parent Free Speech Systems LLC, financially liable for spreading falsehoods about the 2012 Sandy Hook Elementary School shooting that killed 20 children and six school staffers.

Jones’ bankruptcy protects him from creditor collection efforts and other court proceedings, but he is required to disclose all of his assets and business activities.

Last week, Jones disclosed that he has been “holding firearms” for people who participated in the Jan. 6 attack at the US Capitol.

US Trustee Jayson Ruff on Thursday told Jones that he needs to better describe his personal and household items.

“It needs to

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Warner Bros. Discovery Regional Sports Networks May File For Chapter 7 Bankruptcy

The steady decline of cable networks, both basic and regional sports networks, has been apparent in recent years as cord cutting and cord shaving have been key themes amongst consumers. Although there have been a slew of indie cable nets that have gone dark in recent years, major cable networks and regional sports networks (RSNs) have seemed able to weather the storm until Friday when The Hollywood Reporter stated that Warner Bros. Discovery (WBD) is exiting the RSN business.

However, it won’t do so in the usual way—via putting the channels on the market and selling them to the highest bidder. Rather, WBD reportedly sent a letter to the owner of teams that it airs on its four RSN subsidiaries do not have the money to pay upcoming rights fees and WBD will not fund any shortfalls. WBD has proposed handing control of the RSNs over to the teams and leagues, or putting them into Chapter 7 bankruptcy.

It owns three AT&T SportsNet channels in Denver, Houston & Pittsburgh with a minority interest in Roots Sports in Seattle (with the Mainers owning the other

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