Via The Daily Caller:

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.

Hindery, who was in consideration to be President Barack Obama’s secretary of commerce, is managing partner of Intermedia Partners. The New York-based media private equity fund owns Intermedia Outdoor Holdings, which publishes 17 hunting, fishing, and shooting magazines, including Guns & Ammo, Handguns, Gun Dog, Rifle Shooter and Shooting Times.

InterMedia Outdoor Holdings purchased the pro-gun hunting and fishing network the Sportsman Channel in 2007, and is now in the process of acquiring the Outdoor Channel, pending the federal government’s approval of last month’s merger between InterMedia Outdoors and Outdoor Channel Holdings.

InterMedia employees believe that Hindery, a Huffington Post blogger who has contributed to numerous Democratic politicians including Andrew Cuomo and Elizabeth Warren, is in the process of consolidating all of America’s leading gun-culture media outlets and stripping them down to virtual destruction.

Keep reading…

- See more at: http://weaselzippers.us/2013/03/02/emplo...h.hPTxmoyS.dpuf

Great story. Guy got punked. He paid premium price for a dying business and funded the old owners new endeavors in the new media.

Quote: The_Nevadan wrote in post #2

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Great story. Guy got punked. He paid premium price for a dying business and funded the old owners new endeavors in the new media.

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Quote: Olivia wrote in post #3

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Quote: The_Nevadan wrote in post #2

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Great story. Guy got punked. He paid premium price for a dying business and funded the old owners new endeavors in the new media.

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Hmmmm...I didn't read the story that way. Seems to me he's buying up all the media programs that feature guns and then tanking them.....

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Ok so I got an update on this from Tom Gresham today on Guntalk. Turns out that most of the layoffs and closures were due to a merger that happened sometime ago - maybe going bakc five years.

Tom used to work for several of these companies. He called ti a bunch of hype and misrepresentation. He thinks that they are smart enough ot not kill off profitable opperations

Another internet story that willl come around for years.