How Much Are the Washington Blade + Southern Voice Worth Dead? $26,000
At a hearing at the end of this month, a bankruptcy judge is expected to approve offers for the remaining assets of Window Media and Unite Media’s shuttered publications. The sums that’ll be fetched for creditors?
Eight thousand dollars for Southern Voice and David, fifteen thousand for the Washington Blade, and just three thousand two hundred dollars for the South Florida Blade and 411 magazine — for companies that were bleeding nearly $200k a month and carrying more than $15 million debt. The archives and trademarks of the papers are going to the expected suspects: Southern Voice phoenixes Chris Cash and Laura Douglas-Brown (now behind the startup GA Voice); the Washington Blade‘s Kevin Naff, Lynne Brown, and Brian Pitts (now working on the D.C. Agenda); and Hotspots publisher Peter Clark. [Project Q]
Why bother spending $20k on a paper no one was reading anyway before it went belly when I have a money making tunnel for sale that leads directly into lower Manhattan with very low cost maintenance.
The first $15k take it. Of course it has to be $15k in cash, preferably in $10′s and $20′s.
Burn all these papers. Internet is where it’s at.