Blog ››› ››› KARL FRISCH
According to a report by Politico's Keach Hagey:
The Washington Times sale that began with a due diligence process in late August has gone through, sources close to the sale tell POLITICO.
News World Communications, the paper's parent company, chaired by Preston Moon, sold the paper to News World Media Development, a Delaware-registered LLC led by former Times Chairman Douglas Joo.
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.
You'll recall that the Times was founded in 1982 by Unification Church founder Rev. Sun Myung Moon, a man who quite literally believes he is Christ returned to earth.