APBNEWS.com SOLD IN BANKRUPTCY COURT

By: Joe Strupp

SafetyTips.com Plans To Continue Running Site





by Joe Strupp



APBnews.com, the crime and courts news Web site whose future had been
in doubt, was sold in a bankruptcy court auction Thursday to Massachusetts-based SafetyTips.com.


APBnews.com lost its funding several months ago and filed for Chapter
11 bankruptcy protection on July 5. The buyer, a safety and consumer
protection site launched in June, paid $575,000 for all of
APBnews.com’s assets and plans to continue running the site as New
APBNews Inc.



‘We are pleased with the outcome of the auction and look forward to
reviving an extraordinary media and consumer resource,’ stressed
SafetyTips.com CEO Yovette Mumford. ‘The quality of the content will
continue.’



‘There is a transition team being put together to orchestrate the
transfer of assets,’ said Theresa Vivona, a SafetyTips.com
spokesperson. Vivona would not comment specifically on how the
site would operate under the new owners, but said the same type
of news coverage is expected.


‘We are glad that a painful and difficult process is at an end,’ said

APBnews.com spokesman Joe Krakoviak about the last few months of

uncertainty, which saw the site’s staff drop from 55 writers and editors

to the current 18. ‘There is no expectation that we will return to the

staffing levels we had, but we will continue to place content on the

site.’



Mumford added that New APB News looks forward to talking with
existing, former, and part-time employees as ‘we work out the
details of the transition.’



Since its launch in November 1998, APBNews.com had made a name for
itself among both online and traditional media outlets. The site’s
efforts to dig up government records and sue for the right to
receive confidential documents from several public agencies drew
praise from many journalism veterans.


In its short lifetime, the site received awards from the Scripps
Howard Foundation, The Society of Professional Journalists and
the Investigative Reporters and Editors, while also signing on
notables such as Pulitzer Prize winner Sydney Schanberg and O.J.
Simpson prosecutor Marcia Clark.





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Joe Strupp (jstrupp@editorandpublisher.com) is an associate editor for E&P.



Related stories:



APBNEWS.com SUITOR WITHDRAWS (08/24/00)



APBNEWS.com APPROACHES BANKRUPTCY BID (08/22/00)



APBNEWS.COM RESUMES PAYING SOME STAFFERS (06/20/00)



APBNEWS.com STAFF HOPEFUL SITE CAN BE SAVED (06/08/00)



LESSONS LEARNED FROM APBNEWS.com (06/08/00)



APBNEWS.com CLOSES DOORS, FIRES STAFF (06/05/00)





(c) Copyright 2000, Editor & Publisher

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