U.S. News & World Report‘s Paul Bedard has an internal memo claiming that the 30-day impending deal to sell The Washington Times is for $1.
Michael Marshall, UPI editor and TWT adviser, wrote the memo. Bedard’s writes, the sale will be completed within 30 days and that “many of the former Times officials who were fired by Preston Moon, who has been financing the paper for the past several months, will be reinstalled.” Preston Moon is the son of the Rev. Sun Myung Moon the South Korean spiritual and head of the Unification Church.
The story indicates there is no official word on what will happen with TWT Editor Sam Dealey, who had no comment just yet.
Read the memo here.