Washington DC’s conservative daily newspaper, The Washington Times, was never a money-maker and the recent downturn in print fortunes hit it especially hard. Now comes news that its ownership is looking for a buyer or strategic partner.
The newspaper was founded in 1982 by the Rev. Sun Yung Moon and his Unification Church as an alternative to the Washington Post.
Its existence has long been subsidized by UC, but the reversals suffered by the industry as a whole forced severe staff cutbacks.
According to the Washington Post, journalist John Solomon is one potential buyer who has been in talks with current management. Solomon was the Times’ executive editor before exiting in late in 2009, and has stints with the Post and the Associated Press on his resume.
Times management says that they are talking to a number of interested parties.