Politico: Washington Times Sale Goes Through
Developing news from 3600 New York Ave. NE! Politico reports that News World Communication, the parent company of The Washington Times, has been sold to News World Media Development.
Confused? Back in August, news broke that the Rev. Sun Myung Moon wanted to buy back the Times from his his son, Preston Moon. Per Keach Hagey:
The sale represents a return to the paper’s old guard, and has widely been interpreted as the paper’s founder Rev. Sun Myung Moon, reasserting control over the 28-year-old newspaper that has been one of the most public faces of his sprawling business empire.
More on this later ...