Three top executives at The Washington Times have been ousted in a management upheaval brought on by the economic crisis. Advertising collapses in many media markets in America have brought a number of newspapers close to the brink – or sent them over it. The paper’s president/publisher, chief financial officer, and corporate chairman have all been ousted. Putting the best face on it, the new acting president said, “Our assessment team looks forward to emerging with a market-based plan that supports the sustainability of The Washington Times”. The newspaper was established in 1982 by Reverend Sun Myung Moon’s Unification Church to be a politically conservative voice in Washington, DC. Industry analysts say Moon has invested more than $1.7 billion (yes, billion) in the paper, but times are truly tough even for those with really deep pockets. Read more: Washington Post
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