Want to Buy a Newspaper?

Unification Church will put Washington Times up for sale

By Ian Shapira
Washington Post Staff Writer

Washington Times executives are negotiating to sell the newspaper, after the Rev. Sun Myung Moon's family cut off most of the annual subsidy of about $35 million that has kept the Unification Church-backed paper afloat, company officials said.

Nicholas Chiaia, a member of the paper's two-man board of directors and president of the church-supported United Press International wire service, confirmed that the paper is actively on the market: "We recently entered into discussions with a number of parties interested in either purchasing or partnering with the Washington Times," he said in a statement to The Washington Post.

Current and former Times officials said one suitor has been the paper's former executive editor, John Solomon, who resigned in November 2009. Soon thereafter, they said, Solomon organized a group of investors to purchase the Times or launch a new multimedia outlet called The Washington Guardian. Times company officials said they are also in discussions with other potential investors.

Solomon, a former Washington Post reporter, declined to comment.

The negotiations follow months of turmoil at both the 28-year-old conservative daily and the business empire founded by Moon, 90, whose children are jostling for control over the church's myriad enterprises, which range from fisheries to arms manufacturing.

One of Moon's children, Justin Moon, who was chosen by his father to run many of the church's Asian businesses, has slashed the newspaper's annual subsidy, forcing the paper's executives, led by Moon's eldest son, Preston Moon, to search for deep pockets elsewhere. Meanwhile, the newspaper has hacked its newsroom staff by more than half, from 225 in 2002 down to about 70 people, raised the paper's price and deliberately shrunk its circulation to cut costs, shed its metro and sports sections, and fired or pushed out several top executives, including its publisher earlier this week. Several reporters said most of the staffers are seeking to leave.

The finances are so tight that the newspaper hasn't paid some of its bills or tended to basic maintenance issues -- such as hiring an exterminator to deal with mice and snakes sneaking into the building on New York Avenue in Northeast.

"The feeling everyone feels is that it's a totally rudderless ship," said Julia Duin, the paper's longtime religion reporter. "Nobody knows who's running it. Is it the board of directors? We don't know. There was a three-foot-long black snake in the main conference room the other day. We have snakes in the newsroom -- the real live variety, at least. One of the security people gallantly removed it."