| ▲ | busterarm 3 hours ago | |
I remember when The KLF burned a million quid. They were being internally consistent. It was artistically relevant. Most people thought they were insane. Bill Drummond wrote about how it strained his relationship with his kids. You can tell that he regrets it. Personally I think a million bucks to lease a domain name for a year is a really terrible business decision. You might be able to argue that it's going to victims but you could almost certainly just park that money into an interest-bearing account and do better for those victims. But it's also been obvious from the beginning (starting with Jones' own comments) that nobody really gives a shit about these families and they're just props in other peoples' theater show. | ||
| ▲ | BryantD 2 hours ago | parent | next [-] | |
The cost seems really high. On the other hand I thought bringing the Onion back as a print comedy newspaper was insane too, so possibly they know things I don’t. There is a business plan here, even if it’s a dumb one. | ||
| ▲ | quesera 3 hours ago | parent | prev | next [-] | |
If benefitting the victims is a goal, then clearly sending them money now is more valuable than sending them interest-borne money later. If the victims don't benefit from the money now, they can bear their own interest. Time-value, etc. | ||
| ▲ | ocdtrekkie 3 hours ago | parent | prev [-] | |
I get the impression that beyond the money from the sale, the victims would very much like Alex Jones control of InfoWars to end. This accomplishes both of those things. I don't generally find The Onion that funny, and probably will never visit the new InfoWars, but I'm eternally grateful that they were willing to step in and do this. Because someone had to. A "good business decision" is to let Alex run his show if you buy the brand, but that's still a win for him. Not only would another owner likely allow Alex Jones to continue to operate, but The Onion can truly salt the earth around Alex Jones' business. If they own the InfoWars trademarks... if they own The Alex Jones Show as a trademark? They can potentially shut down Alex Jones' future works if they violate InfoWars' trademarks and intellectual property. They can sue him if he says something defamatory about the new InfoWars. One of the perks here is that The Onion is well-versed in free speech rights, intellectual property rights, and trademark law. They already have lawyers good at this stuff. The Onion can be a truly significant thorn in Jones' side, the way most other outcomes for this could not. I'm guessing the new site won't be that funny, but thankfully I don't really care about the "art". | ||