A federal bankruptcy judge has ruled that a plan to sell off the assets of Jones' media company, Free Speech Systems, can move ahead. Net proceeds will go to the Sandy Hook families who Jones defamed.

Conspiracy theorist Alex Jones’ Infowars will be sold for parts to pay towards the more than $1 billion he owes to families of the victims of the 2012 Sandy Hook Elementary School shooting.A Houston bankruptcy court said Tuesday that it plans to approve auctions for the assets of Jones’ company Free Speech Systems,

A sale of the Infowars website and other property is set for November, and could determine the conspiracy theorist’s fate as a broadcaster.

Interested in owning Alex Jones’ conspiracy theory empire, Infowars? Its parent company, Free Speech Systems, is now officially up for sale following the approval of a Texas bankruptcy judge on Tuesday.

Despite the pending loss of his company, Jones vows to continue his talk shows through other means, possibly including a new website and his personal social media accounts.

The controversial media site Infowars, owned by Alex Jones, is being auctioned off next month so the conspiracy theorist can make payments to the families of the Sandy Hook victims.

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,