Friday, January 8, 2010
Guardian allowed to put lien on SF Weekly's parent
The Chron reports that the Bay Guardian has been granted court permission to put a lien on the assets of the parent company of the SF Weekly to satisfy a $21 million jury verdict. Randall Farrimond, representing the weekly's parent company New Times Media, says that now the Guardian will simply be treated like a limited partner, but won't get any money. The case stems over claims the SF Weekly sold ads at below cost in order to run the Guardian out of business. While the Guardian won the jury trial, it hasn't succeeded in collecting much money other than seizing a couple of the SF Weekly's delivery trucks and obtaining the right to collect rent from the Weekly's subtenants. New Times argues that a judgment in a California court can't be used to seize assets in other states, but it appears there is little stopping the Bay Guardian from going after New Times' OC Weekly and LA Weekly.
Posted by San Francisco Peninsula Press Club at 11:48 AM