"He who walks with wise men will be wise,
But the companion of fools will be destroyed."
We've always found they're alleged "influence" to be greatly exaggerated, but this can only hasten their slide into irrelevance:
Emmis Communications is selling Texas Monthly to the Hobby family, which once owned the Houston Post.Read the whole thing here.
Texas Monthly and several other non-core regional magazines were put on the block in August as part of a move to pare down debt for the radio station owner.
Paul William Hobby is the head of the investment firm Genesis Park and is believed to be heading up the deal. Hobby did not return calls seeking comment.
His father William Hobby, had been the publisher of the now defunct Houston Post and was also a six term Lt. Governor in Texas, back in the days when the state largely swung Democratic. The Hobby family sold the paper in 1983 and it was eventually absorbed into the Houston Chronicle in 1995.
If the name Paul Hobby sounds familiar, it's because he was (until this past summer) a Joe Straus appointee to the Texas "Ethics" Commission who was smoked out by Empower Texans for creating new loopholes to allow lobbyists to legally