Posted on 01/07/2010 9:36:42 PM PST by SmithL
SAN FRANCISCO -- A new court order clears the way for the Bay Guardian to try to raid the financial holdings of the archrival SF Weekly, its parent company and 16 other publications owned by the firm, including New York's Village Voice, to collect on a $21 million lawsuit judgment.
Commissioner Bruce Slavit of San Francisco Superior Court granted the Bay Guardian's request Wednesday to place a lien on the Weekly's holding company, New Times Media, and the firm's interests in the Village Voice newspaper chain.
Jay Adkisson, the Guardian's lawyer, said Thursday that the lien would enable the newspaper to seek another court order allowing it to sell off any of the New Times papers - including SF Weekly - or simply take money from them to pay the judgment.
The debt stems from a lawsuit in which the Guardian accused its rival free weekly of engaging in predatory price-cutting on advertisements.
"We are very pleased with the decision and will press on aggressively to collect the money that is owed us as a result of SF Weekly's illegal, below-cost sales aimed at putting us out of business," said Bruce Brugmann, the Guardian's editor and co-publisher.
But the Weekly's lawyer, Randall Farrimond, offered a sharply different interpretation, saying Slavit had merely authorized the Guardian to go after money that New Times receives from its publications as a limited partner - an amount he pegged at zero. Although Farrimond had contested the lien in court, "we're not concerned about it," he said.
Adkisson said his adversary was off base, because court documents show that New Times owns 100 percent of the newspaper chain, which is called Village Voice Media. The proof will come, he said, when the Bay Guardian acts to enforce the lien.
(Excerpt) Read more at sfgate.com ...
I say HA!
BWAAAHAAHAAAHA! The libs feeding on themselves. Can they get ANY more stupid? Hope they do, and wind up eating their own. Darwinism could be a on our side.
“Commissioner Bruce Slavit”
That would be Commissioner Paul Slavit.
"We are very pleased with the decision and will press on aggressively to collect the money that is owed us as a result of SF Weekly's illegal, below-cost sales aimed at putting us out of business," said Bruce Brugmann,..."
They are a 501(c) tax-exempt corporation???
Must not be much profit in gay dating ads thses days.
It’s reminds one of a redneck divorce and the couple fighting over who gets title to the trailer house.
How is a Tennessee divorce like a tornado?
Someone's afixin' to lose a trailer.
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