ALEX JONES' INFOWARS EMPIRE CRASHES DOWN - Here's What Happens Next

Conspiracy theorist Alex Jones' Infowars media platform and its assets will be sold off piece by piece in auctions this fall to help pay the more than $1 billion he owes relatives of victims of the Sandy Hook Elementary School shooting. The decision is part of an order expected to be approved by a court, marking a significant milestone in the ongoing saga of Jones' financial and professional downfall. This dramatic development follows a years-long battle by Sandy Hook families to hold Jones accountable for his baseless claims that the 2012 mass shooting, which claimed the lives of 20 children and six staff members, was 'staged,' 'fake,' or 'hoaxed' to promote stricter gun-control measures.

The court order, which will likely be approved by a bankruptcy judge, stipulates that the assets of Infowars and its parent company, Free Speech Systems, will be liquidated through a series of auctions. The auctions will take place this fall, according to court documents, and are expected to attract a range of bidders, from other media companies to private investors. Proceeds from the auctions will go toward settling the massive debt Jones owes to Sandy Hook families, who successfully sued him for defamation.

Jones' financial troubles began to spiral out of control after he was found liable for defamation in multiple lawsuits filed by Sandy Hook families. In one notable case, a Texas jury ordered Jones to pay nearly $50 million in damages to the parents of a child killed in the shooting. Similar verdicts in other cases have pushed Jones' total liability to over $1 billion. The Infowars founder has claimed that the lawsuits and financial fallout will bankrupt him and shut down his media platform, but it appears that the show will go on - albeit in truncated form.

Experts say that the auctions will likely attract significant interest from companies and individuals looking to acquire Infowars' assets on the cheap. The media platform, which was once a major player in the world of conspiracy theory, has seen its influence wane in recent years as major social media companies have deplatformed Jones and his associates. Despite this, Infowars still commands a loyal following, and its assets - including radio and television networks, websites, and social media accounts - could be attractive to companies looking to expand their reach into the world of conservative media.

For Sandy Hook families, the upcoming auctions represent a chance to finally receive some measure of justice and closure. The families have spent years battling Jones in court, and their victories have marked a significant turning point in the fight against conspiracy theories and misinformation. With Infowars' assets set to be liquidated, the families hope that the proceeds from the auctions will help to compensate them for their losses and serve as a warning to others who would seek to spread baseless conspiracy theories.