TheBlaze: Glenn Beck's TheBlaze Close To Collapse, Buyout Deal Falls Through

Digital media company TheBlaze, founded by conservative commentator Glenn Beck, may be on the brink of collapse. Earlier this week the company laid off all but roughly 50 employees after a potential buyout fell through.Speaking to The Daily Beast, an inside source said conservative media corporation The Daily Wire, owned by right-wing pundit Ben Shapiro, entered preliminary discussions to buy Glenn Beck's company. However, an agreement could not be reached, and it looks like both parties killed the deal.At its height, TheBlaze was making $90 million a year. Yet, over the past few years, the media empire has been on a downward spiral. Management reorganizations, multiple rounds of layoffs, office closures, and shrinking website traffic have hurt both morale and revenue.Recently talking on his radio show, Beck announced he was thinking about putting his Dallas home up for sale. Now, many speculate Beck is preparing to close his Dallas headquarters and move to a smaller office in Los Angeles.Click here to continue and read more...