Alex Jones’ Legacy for Sale in Bids to Save or Bury Infowars

In the traditionally dry, dollar-and-cents world of bankruptcy liquidations—designed to squeeze what little can be saved from a failed business or estate—politics and ideology rarely enter the equation.

But such ideological considerations are on full display in the bankruptcy sale of Alex Jones’ media platform Infowars. The auction offers a potential prize for Jones’ fans and allies who want to keep him on the air—as well as left-leaning groups looking to “buy and bury” the outlet a means of combating the conspiracies and misinformation that led to his insolvency in the first place.

Trustee Christopher Murray is tasked with liquidating ...