« Home | Harvey Weinstein's studio is going to file for ban... » | UK police oblivious to reasons for 20 percent rise... » | Polish delegation will discuss terrible legal stip... » | Haredi troublemaker Shmuel Auerbach dead at 86 » | French government cuts funding to anti-Israel orga... » | US will move embassy to Jerusalem sooner than thou... » | Jeremy Corbyn wants a communist government imposed... » | There's no "moderates" in Iran's dictatorship » | Marion Marechal-Le Pen wins over the CPAC crowd » | Moshe Abutbol's stalling on setting up security ca... » 

Wednesday, February 28, 2018 

Newsweek could be on the way out of business

This Daily Beast article (via the Daily Wire) tells that the company owning Newsweek looks like they're on the verge of bankruptcy:
According an affidavit filed in New York County court in mid February, Guardian claims IBT currently owes the landlord $303,466 in rent.

The Daily Beast reached out to Newsweek prior to the publication of this story. After its publication, Newsweek provided comment: “Newsweek Media Group’s landlord discontinued all proceedings and withdrew all notices against the company. Newsweek Media Group is up to date on all rental payments.” When asked to provide documentation or clarification proving that, the spokesperson declined.

The saga began in November, when Guardian filed several notices demanding IBT pay its rent and utilities or else the tenancy would be “terminated in accordance with your lease.” By December 4, a notice of petition filed by Guardian said the online newspaper’s debt to its landlord ballooned to $452,000 plus interest.

The documents showed that the company did not pay rent promptly for both November and December 2017 for its fifth- and partial sixth-floor spaces at 7 Hanover Square, resulting in $138,530 in unpaid rent alone.
They owe over $300,000 in more debts, and haven't paid much of these bills of recent. So it looks like the company that engaged in ultra-leftist, pro-Islam and anti-Israeli propaganda could be on its way out from the news scene. They won't be missed. This was practically the same outfit that published a special titled "Madame President" about Hillary Clinton, who lost the election and is still falling out of favor with some Democrats since the Weinstein scandal. They won't be missed.

Labels: , , , , , , ,

About me

  • I'm Avi Green
  • From Jerusalem, Israel
  • I was born in Pennsylvania in 1974, and moved to Israel in 1983. I also enjoyed reading a lot of comics when I was young, the first being Fantastic Four. I maintain a strong belief in the public's right to knowledge and accuracy in facts. I like to think of myself as a conservative-style version of Clark Kent. I don't expect to be perfect at the job, but I do my best.
My profile

Archives

Links

    avigreen2002@yahoo.com See also my collection of Link in Bio pages: Realtime Website Traffic
      telchaidrawing

      I also contribute to

    • The Astute Bloggers
    • Infidel Bloggers Alliance
    • Which also includes (open menu)

      My other sites

    • The Four Color Media Monitor
    • The Comic Book Discrimination Dossiers
    • Hawkfan
    • The Greatest Thing on Earth!
    • The Outer Observatory
    • Earth's Mightiest Heroines
    • Puzzle Paradise
    • The Co-Stars Primer
    • Cinema Capsule Cavalcade
    • Food Diner
    • News/Opinion sites (open menu)

      Writers and special activity groups (open menu)

      Media Watchdogs (open menu)

      Columnist bloggers (open menu)

      Research on terrorism (open menu)

      Other bloggers: Israel and Asia (open menu)

      Other bloggers: Europe (open menu)

      Other bloggers: American continent (open menu)

      Museum sites (open menu)

      Bloggeries Blog Directory blog directory Blog Directory & Search engine View My Stats
    • W3 Counter stats
    • eXTReMe Tracker
      Locations of visitors to this page  
      Flag Counter

    This page is powered by Blogger. Isn't yours?

    make money online blogger templates

Older Posts Newer Posts

Tel-Chai Nation is powered by Blogspot and Gecko & Fly.
No part of the content or the blog may be reproduced without prior written permission.
Join the Google Adsense program and learn how to make money online.