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The Easoniad

[You will have to forgive me for what may seem at this point like obsessive inside-baseball theorizing about what is, technically, history. But I think it’s kind of an interesting point, especially since media and debt are important subjects to me and, I would argue, to you as well.] In comments yesterday, my colleague Philip […]

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Under New Management*

Atalaya wins. More to follow. Here’s the new management. *FWIW, I’m totally ignorant of bankruptcy law, so I don’t know what would happen in the event of appeal, if one should happen. Update: I’m told that an appeal is impossible, so it’s actually over. Ben Eason “said he’s ready to launch a new Web-only community […]

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Auctioneering

And we’re off! Creative Loafing Atlanta‘s Thomas Wheatley (whose AAN-award-winning cover story about alcoholism and sobriety is a must-read) is on the scene, and reports that Ben Eason’s opening $2.3 million bid is not facially incomprehensible.

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The Crying of Lot CLI

Today’s auction day! Read Michael Miner’s big news about our potential new ownership. I also learned a neat new phrase in this process, facially incomprehensible. I’m just going to listen to this all day and find a nice wall to stare at update if I hear anything:

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Requiem for Reader’s Digest?

Oh, no: Reader’s Digest has filed for Chapter 11 (h/t Mike Riggs). It may surprise you, but that hits close to home for this liberal hippie type. I know it’s not true, but I tend to assume that 99% of Americans my age grew up reading Reader’s Digest (and Guideposts, which we had two subscriptions […]

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The latest from Cheese Station C

In case you missed it: on Friday night, Michael Miner posted an update on the Reader‘s bankruptcy situation, the latest twist being a nascent deferred-compensation-for-equity swap. Ben Eason, as quoted in the Washington Post in a short oral history of the Washington City Paper, remains confident with two weeks to go until the auction: “Anybody […]