Their business model was to translate the Newspapers (from businesses in the US) to internet.
They actually did a pretty decent job and had a contract with McClatchy for awhile. This was back in the early days when paper newsmedia began to be published online. Another company took over the McClatchy contract - probably for a lower price, and did a better job.
A niche industry.
Outsourced print to internet is why rags like the DailyMail have such poor grammer and so many mispelled words.
So, it would not be a surprise to have a company from Malaysia take over the shell since that was where all the work was done (main office was in New York).
Someone should try calling the # listed on the profile page