Monday, May 3, 2010

Washington Times: How High the Moon (Sale Price)?

The Washington TimesImage via Wikipedia
The Washington Post reports that its beleaguered competitor, The Washington Times, is being pedaled by the Unification Church and its 90-year-old leader, the Rev. Sun-Myung Moon.

One rumored prospective buyer is a group headed up by former Times Executive Editor John Solomon, who quit the 28-year-old Conservative daily in November 2009. The Church turned off the spigot that annually subsidized the Times to the tune of $35 million. As reported previously by "TUOL," the Times newsroom staff has been decimated from its level of 225 in 2002 to fewer than 70 today.

Circulation figures are unavvailable as the Times stopped reporting to the Audit Bureau of Circulations in 2008, when its daily readership topped 86,710.




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