@psxphil
I'm sorry if my statements didn't make sense. What I mean, at least over here (CA, as a LLC) - if I buy "xxx company" or "xxx website" and fold them into my companies interests, I can write down some operating expenses. For example, I'm in the IT and telecomms business, if I buy out some IT news site, once it becomes my property it's MY asset. I can run it in whatever form I choose, but once I've bought and paid for it it's my asset and I can write off certain expenses tied to the operations of it once the appropriate amount of time passes.
Again, running a site like this (A.org), on the host it's currently on is $15-$20 a month unless someone signed an extremely stupid contract. I know because I have sites on the same host and I pay $13 a month for unlimited everything.
The ads would have paid far more than what it took to operate the place under the old regime, not to mention the donations. I'm not here to nitpick the new owners - in fact, I do think they will do a bang up job. But anyone thinking that this site costs a grand a month to run is a lunatic.
As I said, your tax laws may vary. Mine allow me to write off operating expenses on assets and materials.
Anyways, I digress - so last post from me on the subject. Best of luck to the new owners.