Washington Times is up for sale after all

Washington Times is up for sale after all

Blog ››› ››› KARL FRISCH

Almost exactly one month ago it was rumored that the conservative Washington Times was up for sale. The speculation was almost immediately put to rest by Times' then president and publisher Jonathan Slevin:

"The Washington Times has been approached throughout its history with expressions of interest by parties interested in purchase all or part of the company," said president and publisher Jonathan Slevin. "Contrary to online reports, however, the Washington Times is not currently negotiating with any party for sale of all or part of the company."

In the month since batting down the story, Slevin had a very public parting with the Times (his contract wasn't renewed) and the Washington Post reports this morning that the Times is up for sale after all:

Washington Times executives are negotiating to sell the newspaper, after the Rev. Sun Myung Moon's family cut off most of the annual subsidy of about $35 million that has kept the Unification Church-backed paper afloat, company officials said.

Nicholas Chiaia, a member of the paper's two-man board of directors and president of the church-supported United Press International wire service, confirmed that the paper is actively on the market: "We recently entered into discussions with a number of parties interested in either purchasing or partnering with the Washington Times," he said in a statement to The Washington Post.

[...]

The negotiations follow months of turmoil at both the 28-year-old conservative daily and the business empire founded by Moon, 90, whose children are jostling for control over the church's myriad enterprises, which range from fisheries to arms manufacturing.

One of the individuals interested in purchasing the Times is none other than John Solomon who left the right-wing paper as editor in chief just months ago.

Network/Outlet
The Washington Times
Person
John Solomon, Jonathan Slevin, Sun Myung Moon
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