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Trump Media’s Soaring Share Price Masks Truth Social’s Internal Strife

by Aurelia Butler 22 October 2024, 15:18

Employees have complained to the board about hiring and management practices at the parent company of Truth Social, which serves as the main online megaphone for former President Donald Trump.The parent company of former President Donald J. Trump’s social media platform has soared on the stock market over the past month, despite growing turmoil behind the scenes.In recent weeks, Trump Media & Technology Group has dismissed or pushed out at least three senior managers amid employee complaints about the leadership of Devin Nunes, the former Republican congressman who is chief executive, according to two people with knowledge of the matter.The departures came after several employees anonymously sent a letter, which they described as a whistle-blower complaint, to Trump Media’s board a few weeks ago. The letter accused Mr. Nunes of being over-reliant on foreign contract workers and mismanagement. A copy of the letter was reviewed by The New York Times.It was not clear whether the employees who were pushed out of Trump Media were involved in drafting the letter.In the letter, the employees said that Mr. Nunes’s “directive” to hire foreign contractors was inconsistent with “the ‘America First’ principles we stand for.” Trump Media has looked to outsource some work to Cosmic Development, a technology company based in Canada that has operations in Macedonia and Serbia, said the two people.Mr. Trump, who is the largest shareholder of Trump Media and the main draw for users on Truth Social, has talked on the campaign trail about imposing stiff tariffs on foreign goods and U.S. companies that outsource abroad.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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What to Know About Trump Media Stock and Shareholders as Lockup Expires
by Aurelia Butler 19 September 2024, 15:08
Donald J. Trump, the company’s largest shareholder, has said he won’t sell when a lockup agreement expires on Thursday. But other large investors could.Former President Donald J. Trump and a handful of other investors are finally going to be able to do what they want with shares in the parent company of Truth Social — the social media platform that has become Mr. Trump’s main online megaphone.A lockup agreement that had barred those investors from selling their shares expires at 4 p.m. Eastern time on Thursday. The six-month lockup, which applied to all large shareholders of Trump Media & Technology Group, had been in place since the social media company completed its merger with a cash-rich public shell company.In early trading on Thursday, Trump Media’s shares fell 4 percent.Investors have been focused mostly on Mr. Trump’s plans for his stock. Mr. Trump, the Republican nominee for president, said last week that he had no intention of selling his shares. His major stake in the company, 115 million shares, is worth close to $1.8 billion, and his involvement with Truth Social is critical to its future.But other large investors, who collectively control more than 20 million shares, may well begin selling once the lockup expires. They include two contestants from “The Apprentice” who helped start Trump Media and a group of early investors in the shell company that Trump Media merged with in March.Even with Mr. Trump holding tight to his shares, the company’s stock price could slide if those other investors sell. The stock is already down more than 76 percent from its post-merger high six months ago.Here’s how any sizable sale would work, and why it has drawn so much interest.
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As of Wednesday, Sept. 18Source: FactSetBy The New York TimesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More
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Donald Trump Rolls Out World Liberty Financial, A New Crypto Venture
by Aurelia Butler 17 September 2024, 01:43
In a livestream, Mr. Trump formally introduced World Liberty Financial, a crypto venture led by a pair of digital currency enthusiasts with little experience running high-profile businesses.A day after an apparent assassination attempt against Donald J. Trump, the former president appeared on a livestream on X on Monday to champion his latest business venture: cryptocurrencies.“Crypto is one of those things we have to do,” Mr. Trump said. “Whether we like it or not, I have to do it.”Beside him were his collaborators, including a family friend, some of Mr. Trump’s sons and a pair of little-known crypto enthusiasts with no experience running a high-profile business. Together, they were rolling out World Liberty Financial, a crypto venture that has raised concerns about Mr. Trump’s conflicts of interest and alarmed some of his most vocal supporters in the industry.Mr. Trump has promoted the project since August, but its exact purpose remains unclear. On the livestream, he did not address the business directly, deferring to his partners. One of them has described himself as “the dirtbag of the internet,” while another used to teach classes on how to seduce women.It’s unusual for a presidential candidate to embark on a new business just weeks before Election Day. But throughout his political career, Mr. Trump has engaged in business dealings that government ethics experts have flagged as problematic. He is the majority owner of Trump Media & Technology Group, the publicly traded parent company of his social media platform Truth Social, which accounts for some $2 billion of his personal wealth.Danielle Brian, executive director of the Project on Government Oversight, a nonpartisan watchdog group, said that if Mr. Trump is elected, his involvement in the crypto venture would create serious conflicts of interest. The Securities and Exchange Commission has argued that virtually all cryptocurrencies are unregistered securities and ought to be regulated like stocks traded on Wall Street.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More
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Trump Media Stock Price Down 70% From March Peak
by Aurelia Butler 4 September 2024, 14:22
The stock price of the former president’s social media company has often moved in tandem with investor perception of his standing in the presidential race.Shares of former President Donald J. Trump’s social media company have fallen so much that his onetime $6 billion stake is now worth about $2 billion.The stock price of Trump Media & Technology Group, at about $17.40 a share in early trading on Wednesday, is down more than 70 percent from the high-water mark it hit after Trump Media’s merger in March with a publicly traded shell company.Mr. Trump is the single largest shareholder of Trump Media, the parent company of Truth Social, owning 115 million shares — a roughly 60 percent stake.The slide in the share price has accelerated over the past few weeks as the presidential campaign has heated up and the Democratic nominee, Vice President Kamala Harris, has narrowly overtaken Mr. Trump in most national polls. Shares of Trump Media often have risen and fallen in tandem with investor perception of how Mr. Trump is doing in the presidential race.The stock is also falling in advance of a pivotal date — the expiration of a contractual lockup that has precluded Mr. Trump from selling any of his shares. But on Sept. 19, he and other early investors can start selling shares, which could further depress Trump Media’s stock price.Trump Media’s shares are now trading just around the $17.50 price that the shell company it merged with, Digital World Acquisition Corporation, had at the start of the year. In January, investors began buying shares of Digital World in anticipation of the merger’s completion.By the time the merger with Trump Media closed on March 25, Digital World shares had risen to nearly $40, and they peaked two days later above $66. But the shares, even at their current level, still trade at a sky-high valuation given that Trump Media is losing tens of millions of dollars each quarter and Truth Social is taking in meager advertising revenues.Many of Trump Media’s shareholders are individual investors and supporters of the former president who originally bought shares of Digital World after the two companies announced plans to a merger in October 2021. Some bought in when shares of Digital World were trading near $90 in the initial wave of exuberance surrounding the deal. More
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What to Know About Trump Media’s Stock Debut
by Aurelia Butler 26 March 2024, 23:00
Trump Media attracted a frenzy of interest on its first day of trading, and is now worth nearly $8 billion. Here are the basics of what’s happening.On its first day on the Nasdaq stock exchange on Tuesday, Trump Media & Technology Group became such a high-flying stock that trading in its shares, under the ticker DJT, had to be briefly halted because of extreme volatility.The huge public debut for the company is especially important for its biggest shareholder, former President Donald J. Trump, whose 60 percent stake is now worth about $4.6 billion on paper.Here’s what you need to know.Wait, Trump Media is worth how much?After Tuesday’s trading, Trump Media had a market value of nearly $8 billion. That makes it larger than corporations like Mattel, Alaska Airlines and Western Union.It made only $3 million over most of last year. How can it be worth billions now?Trump Media’s valuation is disproportionately high compared with other social media companies. The company took in $3.3 million in the first nine months of 2023 and recorded a loss of $49 million, yet its market value — based on Tuesday’s share price — is nearly 2,000 times its estimated annual revenue.Trump Media’s main asset is Truth Social, the digital platform that Mr. Trump describes as an alternative to Twitter and that he uses for reaching supporters and attacking critics.Investors sometimes justify lofty valuations given to small companies operating at a loss because of anticipated growth or the expectation that other investors will continue to bid up shares. Still, other social media companies trade at far lower price-to-sales ratios than Trump Media’s: Reddit is around 10, Meta is 7 and Snap is 6, according to FactSet. Superstar tech stocks like the chipmakers Nvidia and ARM trade at price-to-sales ratios of about 25.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More
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Big Republican Donor Jeff Yass Owned Shares in Trump Media Merger Partner
by Aurelia Butler 24 March 2024, 22:25
The billionaire Wall Street financier is also a major investor in ByteDance, the Chinese parent company of TikTok, which faces a possible ban in the United States.Jeff Yass, the billionaire Wall Street financier and Republican megadonor who is a major investor in the parent company of TikTok, was also the biggest institutional shareholder of the shell company that recently merged with former President Donald J. Trump’s social media company.A December regulatory filing showed that Mr. Yass’s trading firm, Susquehanna International Group, owned about 2 percent of Digital World Acquisition Corp., which merged with Trump Media & Technology Group on Friday. That stake, of about 605,000 shares, was worth about $22 million based on Digital World’s last closing share price.It’s unclear if Susquehanna still owns those shares, because big investors disclose their holdings to regulators only periodically. But if it did retain its stake, Mr. Yass’s firm would become one of Trump Media’s larger institutional shareholders when it begins trading this week following the merger. Shares of Digital World have surged about 140 percent this year as the merger with the parent company of Truth Social, Mr. Trump’s social media platform, drew closer and Mr. Trump became the presumptive Republican nominee for president.“Susquehanna is a market maker and has zero economic interest in Trump Media,” said the company in a statement. “The firm’s long position is offset by short positions of the same size.”Regulatory filings show the firm used offsetting securities to try to minimize its gains or losses in the stock.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More
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Trump Media Merger Is Approved, Providing Fresh Source of Cash
by Aurelia Butler 22 March 2024, 13:48
The deal will pump money into Trump Media, which will allow Truth Social to keep operating. Mr. Trump’s personal stake in the company will be worth more than $3 billion on paper.Former President Donald J. Trump’s social media company on Friday completed a long-awaited merger with a cash-rich shell company, raising Mr. Trump’s wealth by billions and potentially providing him a fresh source of cash to pay his mounting legal bills.In approving the merger, shareholders of Digital World Acquisition Corporation will become shareholders of Trump Media & Technology Group, which will trade on the stock market under the stock symbol DJT. The deal will pump more than $300 million into Trump Media, which has all but exhausted its available cash and will allow Truth Social, the company’s flagship digital media platform, to keep operating.Based on Digital World’s stock price of $44 a share just before the vote announcement, Trump Media will debut with a market value of more than $5 billion. That means Mr. Trump’s personal stake will be worth more than $3 billion. Shares of Trump Media could begin trading under the new stock symbol as soon as next week.The deal’s approval comes as Mr. Trump is facing a Monday deadline to cover a $454 million penalty in a civil fraud case in New York. He is restricted for six months from selling any of his shares or using them as collateral for a loan, although he could ask the board of the merged company to waive that rule for him.Trump Media said in a statement before the vote that “the merger will enable Truth Social to enhance and expand our platform.”This is breaking news. Check back for updates. More
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Potential Obstacle to Trump Media’s Merger Appears to Have Been Cleared
by Aurelia Butler 9 March 2024, 23:03
Two early founders of Donald Trump’s social media company reached a temporary truce with the company on Saturday.The threat of a last-minute obstacle to the merger of former President Donald J. Trump’s social media company and a cash-rich shell company appears to have subsided.Two early founders of Trump Media & Technology Group reached a temporary truce with Mr. Trump’s company at a hearing on Saturday morning in Delaware Court of Chancery. The agreement would preserve the two founders’ right to a significant equity stake in the parent company of Truth Social until a judge hears further arguments on the merits of their lawsuit.The lawsuit, filed on Feb. 28 by a company controlled by Wes Moss and Andy Litinsky, had the potential to delay a scheduled March 22 vote by shareholders of Digital World Acquisition Corp. on the long-delayed merger with Trump Media.If shareholders approve the merger, it would give Trump Media more than $300 million in badly needed cash to keep operating. The deal would also boost Mr. Trump’s net worth by more than $3 billion, based on Digital World’s current stock price.“No one is suggesting I should do anything to interfere with the closing,” Vice Chancellor Sam Glasscock III of Delaware Chancery Court said of the shareholder vote. He later added, “I’m pretty confident we can work something out.”The agreement was reached just days after another Delaware Chancery Court judge refused to delay the merger in response to a lawsuit filed by a company controlled by Patrick Orlando, the former chief executive officer of Digital World and the original sponsor of the shell company known as a special purpose acquisition company.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More
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¿En qué consiste el nuevo informe financiero de Trump?
by Aurelia Butler 17 April 2023, 10:00
En un expediente de 101 páginas, Donald Trump reveló valores inferiores a los esperados en su compañía de redes sociales y préstamos bancarios considerables.El viernes, el expresidente Donald Trump proporcionó el primer vistazo a sus transacciones comerciales posteriores a la presidencia con un nuevo informe de sus finanzas personales. Aunque no ofrece detalles específicos, los documentos presentados en la Comisión de Elecciones Federales mostraron valores menores a los esperados en su empresa de redes sociales, otros dos cuantiosos préstamos bancarios y una nueva fuente de ingresos para la ex primera dama Melania Trump.El expresidente presentó su declaración después de solicitar varias prórrogas. Le habían advertido que sería objeto de sanciones si no declaraba a los 30 días de la fecha límite del 16 de marzo.De acuerdo con una persona informada acerca de esos documentos, la declaración financiera muestra ingresos acumulados desde enero de 2021 hasta el 15 de diciembre de 2022, según lo requerido por la Comisión de Elecciones Federales, y el valor de los activos hasta diciembre de 2022.Estas son seis conclusiones del expediente de 101 páginas.La empresa de redes sociales de Trump disminuye mucho su valoraciónLa declaración tasó la empresa matriz de Truth Social, la plataforma de redes sociales y megáfono personal del expresidente, entre 5 y 25 millones de dólares. Dicho valor reportado para la empresa matriz, Trump Media & Technology Group, era considerablemente menor que el de la posible valuación de 9000 millones de dólares para esta compañía cuando en octubre de 2021 anunció una fusión con una empresa de adquisición de propósito especial de gran liquidez llamada Digital World Acquisition Company.Alguien que contaba con información sobre el expediente afirmó que el cálculo reflejaba el valor actual de la participación de Trump y no era un intento por establecer el precio de los activos después de un posible cálculo. No obstante, el valor intrínseco de Trump Media es mucho menor de lo que él había esperado cuando puso en marcha la empresa a principios de 2021.El acuerdo de fusión ha sido retrasado por las investigaciones tanto de los fiscales federales como de los reguladores de valores, cosa que ha llevado al desplome de las acciones de Digital World, de 97 dólares por acción a su precio actual de 13,10 dólares por cada acción. Sin embargo, si se llega a concluir el acuerdo, habrá por lo menos 300 millones de dólares de una liquidez muy necesaria para Trump Media y posiblemente aumente, en un monto considerable, la riqueza en papel de Trump. Además, Trump se dispone a obtener 70 millones de acciones.La fecha límite para que Trump Media y Digital World completen la fusión es a principios de septiembre. La Comisión de Bolsa y Valores, que está investigando los eventos relacionados con la fusión propuesta junto con los fiscales federales, aún no ha firmado el acuerdo.Una portavoz de Trump Media dijo que la compañía seguía convencida de que alcanzaría “un valor de miles de millones de dólares”.La presentación también mostró que Trump, quien figura como presidente de Trump Media, posee el 90 por ciento de la empresa. La presentación no identifica a los propietarios del otro 10 por ciento de la empresa. El director ejecutivo de la compañía es Devin Nunes, el excongresista republicano de California.Las tarjetas digitales coleccionables de Trump presentan ventas iniciales insignificantesA fines del año pasado, Trump anunció su incursión en activos digitales conocidos como NFT, o token no fungible. Las tarjetas de Trump, unas tarjetas coleccionables virtuales ilustradas con una variedad de imágenes en caricatura del expresidente, salieron a la venta el 15 de diciembre.Este negocio —coordinado por Bill Zanker, un emprendedor que ya antes había escrito un libro con Trump y le había pagado millones de dólares en honorarios por sus conferencias— tenía expectativas muy altas: los NFT habían impuesto precios impresionantes en los últimos años y un solo token superó los 22 millones de dólares a principios de 2022.En privado, a Trump le habían garantizado que el proyecto podría alcanzar hasta 100 millones de dólares en ventas, pero las ganancias iniciales insinuaban un resultado menos espectacular y los analistas calcularon menos de seis millones de dólares de ingresos totales para principios de febrero.La nueva declaración financiera de Trump establece que la empresa que creó para el proyecto de los NFT, CIC Digital LLC, tuvo entre 100.001 dólares y un millón de dólares en ingresos. Pero debido a que el documento tiene información hasta el 15 de diciembre —el día exacto en que las tarjetas de Trump comenzaron a venderse—, no se supo qué tanto se incluyó de las primeras ventas de los NFT.La información pública relacionada con el comercio de criptomonedas muestra que en las primeras 24 horas de operaciones se vendieron 44.000 de las tarjetas de Trump en 99 dólares cada una. Además, el 15 de diciembre se vendieron varias tarjetas en el mercado secundario, cada una de las cuales obtuvo el diez por ciento en regalías de acuerdo con los términos de la oferta.Zanker se ha rehusado a hacer comentarios acerca de cómo se dividen las ventas de las tarjetas de Trump o qué costos indirectos podría haber. Pero el informe sí ofrece una pista del acuerdo desde la perspectiva de Trump. Registra el valor general de CIC Digital entre 500.000 y un millón de dólares, lo cual sugiere que tal vez el proyecto de los NFT no constituye las enormes ganancias repentinas que se creía que iba a tener.Un ejecutivo comentó que los ingresos que se mencionan en el informe financiero no reflejaban una gran parte del dinero que Trump ha ganado en las ventas de los NFT. Según este ejecutivo, en general, se han vendido varios millones de dólares y, en los términos del acuerdo, la mayor parte de las ventas brutas corresponden a Trump.Aparte, el informe mostraba que Trump ganó “más de cinco millones” a través de CIC Ventures Inc., una empresa no relacionada, pero con un nombre parecido que se creó en 2021. (“CIC” son las siglas de commander in chief: comandante en jefe). Esos ingresos fueron registrados como honorarios por conferencias, y es muy probable que estas se hayan incluido en los mítines que celebró antes de convertirse en candidato oficial en el mes de noviembre.Trump saldó algunos préstamos, pero adquirió otrosDesde que salió de la presidencia, Trump ha pagado seis préstamos pendientes, entre ellos uno con un valor de más de 50 millones de dólares sobre sus propiedades Trump Tower de Nueva York y Trump Doral, un club de golf en las afueras de Miami que ha sido la propiedad que por separado genera mayores ingresos en su empresa familiar.También contrajo dos préstamos nuevos, ambos de Axos Bank por un total de más de 50 millones de dólares cada uno, sobre las propiedades de Doral y Trump Tower.Asimismo, saldó un préstamo con un valor de más de 50 millones de dólares sobre el edificio Trump Old Post Office, el hotel de Washington que vendió el año pasado. La mayor parte de los préstamos que recibió del Deutsche Bank, que llegaron a ser por un total de más de 295 millones de dólares, ya están pagados y solo restan cerca de 45 millones de dólares que aún le debe a ese banco, el cual solía ser uno de sus principales acreedores.Trump enumeró deudas por un total de más de 200 millones de dólares.Trump vio otros ingresos derivados de un acuerdo con una empresa en Arabia SauditaLa declaración financiera muestra los primeros pagos a Trump por un nuevo acuerdo que respalda una empresa de inversión inmobiliaria con sede en Arabia Saudita para construir un complejo de hotel y campo de golf en Omán. Hasta ahora, los pagos están registrados con un valor de más de cinco millones de dólares.Un ejecutivo de la empresa explicó que la idea es desarrollar el proyecto en Mascate, Omán, sobre una colina que está junto al golfo de Omán y que este incluirá un campo de golf, villas y dos hoteles.Para este proyecto, la familia Trump está trabajando con Dar Al Arkan, una de las empresas inmobiliarias más grandes de Arabia Saudita. El terreno pertenece al gobierno de Omán, lo que significa que ahora Trump está prácticamente haciendo negocios con el gobierno de ese país.Melania Trump informa sobre una nueva fuente de ingresosEn 2021, la ex primera dama incorporó una empresa, MKT World LLC, con el mismo domicilio que el Trump International Golf Club, de acuerdo con los registros del Departamento de Estado de Florida. Dicha empresa reportó entre uno y cinco millones de dólares por regalías.Aunque no se sabía muy bien cuáles eran las actividades comerciales exactas de la empresa, Melania Trump ha encontrado varias formas de obtener beneficios económicos a partir de su relación con Donald Trump desde que salió de la Casa Blanca. En enero de 2022, subastó un retrato digital de ella misma elaborado por un artista francés, una impresión del retrato y un sombrero blanco que usó en la Casa Blanca cuando recibió al presidente de Francia.También se sumó al sitio de la red social conservadora Parler, la cual anunció un acuerdo con Melania Trump cuyos términos financieros no se revelaron. En un comunicado, Melania Trump señaló que le proporcionaría al sitio contenido exclusivo para “motivar a otras personas” y promover una serie de futuras subastas por internet de “objetos coleccionables”, como el sombrero que usó en la Casa Blanca.La ex primera dama Melania Trump, en la Casa Blanca en 2017, informó nuevas fuentes de ingresos en una divulgación financiera.Tom Brenner para The New York TimesEsta vez, Trump reveló menos detallesLas declaraciones financieras de Donald Trump fueron rastreadas con atención durante su primera contienda por la Casa Blanca y durante su presidencia. Los expedientes proporcionaron información importante acerca del efecto que tuvo en su riqueza el desempeño del cargo. Y aunque gran parte de sus ingresos y activos solo se reportaron en rangos muy amplios, Trump ya había reportado los montos específicos de los ingresos procedentes de algunas propiedades.Todo eso cambió en su última declaración.Esta vez, los ingresos de Trump se reportaron en rangos amplios, que es todo lo que requiere la legislación federal.Por ejemplo, Trump informó que los ingresos de Mar-a-Lago, su complejo turístico del sur de Florida, ascendieron a un total de 24,2 millones de dólares en 2020, un aumento del 13 por ciento en comparación con el año anterior. En su último informe, reportó que el complejo obtuvo “más de cinco millones de dólares”, la declaración más elevada en el expediente, cosa que en definitiva les dificulta a los electores tener una idea clara de sus finanzas.La divulgación muestra una lista mucho más extensa de acciones individuales y bonos por parte de Trump, a través de varias cuentas de inversión, por un total de varios cientos de millones de dólares en fondos adicionales invertidos, según los rangos de valores proporcionados. La presentación enumera las participaciones en cientos de acciones y bonos, incluidos petróleo y gas, servicios eléctricos, bancos, atención médica, compañías farmacéuticas, contratistas militares y muchos otros sectores.Esto refleja, en parte, los nuevos ingresos que obtuvo Trump a través de la venta el año pasado del Trump International Hotel en Washington y la refinanciación de hipotecas sobre dos valiosos edificios de oficinas controlados por Vornado Realty Trust en los que Trump tiene una participación, uno en Manhattan y el otro en San Francisco. Cuando estos préstamos fueron refinanciados, resultó en un gran pago para la familia Trump.El viernes, Eric Trump, quien ayuda a administrar la empresa familiar, dijo en un comunicado que la declaración financiera mostraba una compañía diversificada de bienes raíces y medios de comunicación relativamente saludable. “Contamos con una enorme liquidez y mantenemos una deuda increíblemente reducida en relación con el valor de nuestros activos”, señaló en el comunicado.No aludió a los diversos problemas jurídicos e investigaciones a las que se enfrenta la familia.Steve Eder More

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