Medialink Worldwide [3] -- the largest producer of fake news [4] products such as video news releases [5] (VNRs) -- is in financial meltdown. Almost two years ago the Center for Media and Democracy reported [6] that Medialink had placed its faith in selling off assets, trying to boost international income and investing in the digital watermarking system Teletrax [7]. The company's latest quarterly report reveals that, faced with accelerating losses, the company has agreed to sell Teletrax to Philips Electronics and sold "certain assets of its UK-based media communications services operation" to World Television Group. Not surprisingly, Medialink's share price has collapsed [8] to an all-time low of just 30 cents, down from $3.65 at the start of the year. PR Week reports [9] that, according to industry sources, Medialink is "considering offering itself up for sale."