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January 20, 2018

LOL: Manhattan DA Seizes Newsweek Servers As Part of "Long-Running" Probe Into Financial Improprieties

Police seized six thousand pounds of uncut clickbait, with a street value of twenty-two buck, from Newsweek's servers.

Newsweek itself is left to report on its own humiliation, because no one else cares enough to do so s.

Investigators for the Manhattan district attorney raided Newsweek's offices on Thursday, removing 18 computer servers as part of a long-running probe into the company’s finances, according to witnesses.

The investigators, armed with a search warrant, took photographs and gathered information about the servers and their capacity, according to sources close to the matter. Throughout the day, investigators were seen closely examining the equipment inside the server room.

At about 4 p.m., investigators removed servers and loaded them onto a cart and into the freight elevator of the company’s lower Manhattan offices. The servers they took were not being used, and Newsweek's working servers remain operational in the company's building.

...

A grand jury investigation of Newsweek Media Group, formerly known as IBT Media, has been ongoing for at least 17 months, according to a source familiar with the matter. The probe was likely looking at loans the company took out to purchase the servers.

...


"The company is stable and on a firm financial footing," said Dev Pragad, chief executive of Newsweek Media Group. "In December, we saw the largest audience and revenue numbers in our history." He declined to comment further.

One sign that a company is on firm financial footing is the spectacle of armed policemen wheeling your recently-bought computer equipment into custody.

The article mentions massive debts and laid-off workers -- I guess that's why Newsweek's clickbait game has been so Aziz Ansari-like it its insistence.


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posted by Ace at 04:37 PM

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