On Tuesday, San Francisco court commissioner granted SF Bay Guardian "half of SF Weekly’s current and future advertising revenue "in a move that could seriously damage the Weekly’s ability to stay in business," reports former New Times Media alt-weekly East Bay Express.
Yikes. As much as we enjoy poking fun at ye olde papyrus publications, we'd sure hate to lose a prominent voice in the city. (SFBG and SF Weekly have a tendency, at times, to balance each other out.)
This judgment is due to the Guardian's attempt to collect cash on a $20 million jury verdict, one that ruled that the Weekly was illegally selling ads below cost "in an effort to hurt the Guardian."
The Weekly has five days to comply, or risk being held in contempt. They will, of course, appeal.
[via SF Biz Times]