Monday, March 04, 2013

Obama Donor Reportedly Buying and Gutting America’s Top Pro-Gun Media Outlets.

I was just forwarded this Daily Caller article.

Employees of Obama donor Leo Hindery Jr.’s media conglomerate Intermedia Partners, which now owns most of the top gun-culture media outlets in the country, believe that Hindery plans to gut and destroy all of them as part of a business plan that has already led to numerous layoffs and the virtual shuttering of prominent television production facilities in Minnesota and Montana.

Apparently this Leo Hindery Character is setting out to gut all the pro 2A media outlets, e.g. Guns & Ammo and many other magazines and production companies. He is one of two managing partners of a private equity fund called Intermedia Partners. If this is true, I have to wonder if the other investors in this fund know about it and how they feel about a managing partner deliberately setting out to destroy the value of their holdings. Last time I looked it is the fiduciary duty of fund managers to try and maximize the value of their investments.

Last December Glenn Reynolds suggested that GOP investors  acquire some of the women’s interest media outlets in an effort to get a more positive message (Hell, any message at all) out to women. Perhaps conservative investors should also be looking to buy up some of the pro 2A media properties too, if only to rescue them.

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