By Mondo Times editors
Boulder Colorado USA
Posted on January 8, 2010 at 11:13am

Court OKs Guardian Lien on SF Weekly Parent's Assets

-- The San Francisco Chronicle reported on January 8, 2010:

"A new court order clears the way for the Bay Guardian to try to raid the financial holdings of its archrival SF Weekly, its parent company and 16 other publications owned by the firm, including New York's Village Voice, to collect on a $21 million lawsuit judgment.

Commissioner Bruce Slavit of San Francisco Superior Court granted the Bay Guardian's request Wednesday to place a lien on the Weekly's holding company, New Times Media, and the firm's interests in the Village Voice newspaper chain.

The Weekly's lawyer, Randall Farrimond, offered a sharply different interpretation, saying Slavit had merely authorized the Guardian to go after money that New Times receives from its publications as a limited partner - an amount he pegged at zero. Although Farrimond had contested the lien in court, "we're not concerned about it," he said.

The full story:
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/01/08/MNG21BF2MH.DTL

Go to the SF Weekly profile for more information about this newspaper, including background, ownership, links, ratings, and reviews.

To submit a SF Weekly review:

• Log in now if you are a Mondo Times member.
• If you are not a member, register for a free Mondo Times basic membership.

You can also see the latest Mondo Times media news & reviews.