Sunday, March 3, 2013

Buying Pro-Gun Media to Shut It Down?

It looks like an Obama supporter who owns Intermedia Partners is (and has been) purchasing pro-gun magazines and television stations under their subsidiary, Intermedia Outdoors, Inc. Leo Hindrey, Jr. was once considered for Secretary of Commerce by the current administration. Now as a owner of Intermedia Partners, he controls such publications as Guns & Ammo, Handguns, and Shooting Times. On top of that, they also own The Sportsman Channel. If approved by the SEC and the FCC, they will soon be acquiring The Outdoor Channel too. This would give them 16 hunting, fishing and shooting magazines and two of the largest outdoor sports cable channels. However, after Intermedia Outdoors' downsizing of employees and facilities, some of the remaining employees are growing concerned. According to The Daily Caller...

InterMedia employees believe that Hindery... is in the process of consolidating all of America’s leading gun-culture media outlets and stripping them down to virtual destruction.
“There’s nothing there but one intern slash production assistant and one administrative type. All the production people are gone. It’s a shell,” according to the employee.
“Now that Hindery has the Outdoor Channel, he’s in a position to consolidate all of the major pro-Second Amendment media titles in this country, strip them down, and destroy them, like venture capitalists do sometimes,” the employee said.

I hope that this is just a case of some venture capitalists restructuring failing media outlets. However, given Mr. Hindrey's political connections and the administration's current gun policy positions, I wouldn't be surprised if there was a political motivation with these acquisitions. Then again, they haven't shuttered any of their current holdings...yet. I'll stay optimistic for now and assume they are just capitalists trying to make money with these properties.

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