Conservatism or Print magazine: Which one is dying faster?
September 3, 2010 3 Comments
After a confusing flurry of reports, it appears that control over The Washington Times will be sold back to its founder, the controversial Reverend Sun Myung Moon for $1, according to an internal memo leaked to U.S. News and World Report.
The buyer, a Unification Church entity called News World Media Development, also will assume most of the paper’s debt, believed to be in the millions. The deal is similar to The Washington Post’s recent sale of debt-ridden Newsweek magazine to businessman Sidney Harmon.
In the memo, company advisor Michael Marshall denied recent reports that the conservative paper had been on the verge of closing, adding that it can’t continue to operate without external funding. The Times, which was gifted by Moon to his eldest son four years ago, has faced massive financial struggles in recent months. The paper in December laid off several top editors, cut its sports department, reduced the number of copies it prints and stopped publishing its Sunday edition.
Given both Newsweek and The Washington Times are conservative print magazines, I wonder if the reason behind their fall is because of their conservative views, that not many people have appetite for any longer (thanks to George Bush and the Ayatollah’s type of regimes who made that clear to us), or they are both just the victim of the “print magazine” thing losing their audience to the “online media” thing? I mean NY Times, NY Mag, LA Times are still in business of printing; though, not sure for how much longer.