Posted on 09/01/2010 5:28:08 PM PDT by Nachum
The Rev. Sun Myung Moon is regaining control of the Washington Times after allies of the South Korean spiritual leader agreed to acquire the paper for just $1 and assumption of most if its debts, according to an internal memo. The memo contradicts rumors that a feud among the Moon's sons over control of the Washington Times prompted the father to buy it back for tens of millions of dollars. The deal is financially similar to the one the Washington Post cut in selling its money-losing Newsweek to businessman Sidney Harmon.
(Excerpt) Read more at politicsdaily.com ...
He STILL overpaid.
How much debt?
Your link goes to an article about Jeb Bush. This is sinister and inscrutable.
The Times is the good Washington paper.
But I guess nobody is reading newspapers anymore.
Too bad, but expected. The dinosaur media are that mostly because of technology and popular preferences; it’s not just political leanings.
The Washington Times suffered from its connection to the Rev. Moon.
Shame that Rupert Murdoch didn’t buy it. Or a bunch of FReepers.
From Wikipedia:
With its conservative editorial bent, the paper also became a crucial training ground for many rising conservative journalists and a must-read for those in the movement. A veritable who’s who of conservatives — Tony Blankley, Frank J. Gaffney Jr., Larry Kudlow, John Podhoretz and Tony Snow — has churned out copy for its pages.
:)
At this rate, $10 will get you a baker’s dozen.
This sounds like good news. I hope the new owners will permit the WT to rehire some of the staff.
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