Conservatism or Print magazine: Which one is dying faster?

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.

Feel free to follow me on LinkedIn | Facebook | Twitter

Bookmark and Share

About Elias Shams
I have been a serial entrepreneur in telecom and social media space for past 12 years or so. I hold a M.S. degree in Telecommunication Engineering from the George Washington University and a B.S. degree in Electrical Engineering from the University of Maryland. I’ve lived and worked in many countries and cities including London England, Tehran Iran, Bonn Germany, Paris France, Alicante Spain, Delhi India, and my favorite of all Washington, DC of great US of A. Two of the greatest Washington, DC based companies I worked for and very proud of are Yurie Systems which was sold to Lucent in 1998 for $1.23 B and telezoo.com that I founded in 1999. I am currently the founder and awesomizer @ awesomize.me

3 Responses to Conservatism or Print magazine: Which one is dying faster?

  1. sp says:

    I wasn’t aware The Washington Times was a “print magazine”. Huh.
    My take: Publications fold. And I’m pretty sure the New York Times will be printing for a while, the Ayatollah be damned.

  2. Lynn Argain says:

    Recently an extremely Liberal Magazine spouting much pablum re liberal ideas in the US sold for $1US Dollar and made it through US Bankruptcy Court while FOX News and Glenn Beck seem to be rolling in Money and enjoy extraordinary viewership — the numbers are readily available and you can judge for yourself ! Seemd to me Conservatism is on a major roll in the good ‘ole US of A . . .

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: