Anonymous ID: 41ce1a Jan. 26, 2024, 4:21 a.m. No.20305765   🗄️.is 🔗kun   >>6190 >>6262 >>6381 >>6482

ya hate to see it…

 

Vice’s Refinery29 and BuzzFeed’s Tasty Are Up for Sale as Digital Media Contracts

 

BuzzFeed and Vice Media, two onetime darlings of digital media that have shrunk in size and relevance in recent years, are likely to get even smaller.

 

BuzzFeed, whose stock has lost more than 97% of its value since the company went public in 2021, is looking to sell its food sites, Tasty and First We Feast, according to people familiar with the situation. Meanwhile, Fortress Investment Group, which took over Vice in bankruptcy last year, is in talks to sell its Refinery29 women’s lifestyle-focused site, other people said.

 

The sale discussions mark yet another chapter in the demise of these digital-media companies that raised money at sky-high valuations nearly a decade ago only to struggle amid a volatile ad market and a decline in traffic sourced from Google and social-media sites.

 

Vice and BuzzFeed declined to comment.

 

Fortress is in talks to sell Refinery29 after a failed attempt to find a buyer for Vice in its entirety, which includes its namesake news brand, production studio and creative agency, among other assets. Fortress is in discussions with prospective bidders for Refinery29, which saw a decrease in revenue to $30 million last year from around $50 million in 2022, according to people familiar with the matter…….

 

https://www.wsj.com/business/media/vices-refinery29-and-buzzfeeds-tasty-are-up-for-sale-as-digital-media-contracts-2f01ada4?mod=djemalertNEWS

Anonymous ID: 41ce1a Jan. 26, 2024, 4:37 a.m. No.20305785   🗄️.is 🔗kun   >>6190 >>6262 >>6381 >>6482

FBI Seizures From Safe Deposit Boxes Violated US Constitution: Federal Court

 

The FBI’s seizure of contents from safe deposit boxes during a raid on a Beverly Hills vault in 2021 violated the U.S. Constitution, a federal appeals court ruled on Jan. 23.

Agents raided U.S. Private Vaults, a business that allowed people to rent safe deposit boxes anonymously, based on the belief that criminals were using the service. The search warrant stated that agents could only open the boxes to inventory their contents and identify the owners for the return of their property.

 

However, agents brought drug-sniffing dogs and planned to set aside cash worth more than $5,000, with the intent to seize the money.

 

When people who rented boxes asked the FBI for their belongings back after the raid, the bureau refused, saying it was going to file for forfeiture or transfer ownership to the government. The renters of the boxes then sued.

 

A U.S. district judge previously ruled in favor of the government, finding the search was covered by what’s known as an inventory exception to the requirement for a warrant in the U.S. Constitution’s Fourth Amendment.

 

That exception, though, doesn’t apply to the raid on U.S. Private Vaults, the U.S. Court of Appeals for the Ninth Circuit ruled.

 

The ruling hinged largely on how the exception requires searches to operate on standardized instructions and highlighted how the FBI, in the Beverly Hills raid, used supplemental, customized instructions.

 

“Once the government begins adding a set of ‘customized’ instructions to a ’standardized‘ inventory policy—particularly the type of custom instructions presented by this case—the entire search stops being conducted pursuant to a ’standardized’ policy,” U.S. Circuit Judge Milan D. Smith Jr. wrote in the ruling.

 

https://www.theepochtimes.com/us/fbi-seizures-from-safe-deposit-boxes-violated-us-constitution-federal-court-5572946