Welcome to PatsFans.com

Oh oh - Another Right wing Source Going Belly-Up

Discussion in 'Political Discussion' started by Mrs.PatsFanInVa, Nov 13, 2009.

  1. Mrs.PatsFanInVa

    Mrs.PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Sep 7, 2009
    Messages:
    16,201
    Likes Received:
    364
    Ratings:
    +674 / 14 / -6

    #24 Jersey

    Three top executives at the Washington Times were ousted Monday in a top-level shake-up prompted by the ongoing economic crisis.

    Times president and publisher Thomas P. McDevitt, chief financial officer Keith Cooperrider and chairman Dong Moon Joo were "relieved of their duties," according to a statement from the newspaper



    washingtonpost.com


    Things seem to be going from bad to worse at the Washington Times. And the continued operation of the newspaper, which is owned by Rev. Sun Myung Moon's Unification Church, seems to be in serious doubt.

    There's already been plenty of speculation that the paper might fold or go online-only. Sources at the Times said they fear major changes and that the Moon family feud that's driving the paper's turmoil could lead to the Times shutting down in the coming months -- with some suggesting that Preston Moon, the reverend's son who serves as chairman of News World Communications, the parent company of the Washington Times, came close to that decision last weekend.

    Several sources inside the newsroom are taking a cautious approach. They said executive editor John Solomon still hasn't been seen in the newsroom all week -- and that reporters he personally recruited haven't heard from him. Mainly though, staff members seem uncertain about the security of their jobs. Solomon did not return a phone call seeking comment today, and declined to talk to TPM when reached yesterday.

    A former Times staffer also tells TPM that the newspaper may have lost immediate access to the stream of money that helps fund the Times. According to the source, the newspaper used a stream of additional investments from the parent company that owns the Times to keep its operation going. But one of the three executives fired on Sunday -- chairman Dong Moon Joo -- was apparently the one responsible for securing those additonal investments. It was his main function, our source says. Without additional cash infusions from the parent company run by Preston Moon, it's possible that the Times will have serious short-term cash problems, we're told.


    Is The Washington Times' Continued Operation In Jeopardy? | TPM LiveWire
     
  2. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    42,690
    Likes Received:
    279
    Ratings:
    +702 / 20 / -30

    One of the rumors I hear, is that they are venturing into the radio game.. less investment required...
     
  3. reflexblue

    reflexblue PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Aug 11, 2006
    Messages:
    17,584
    Likes Received:
    104
    Ratings:
    +323 / 6 / -4

    #91 Jersey

    Where's Foggy, he was always trumpiting the WT. Remember all the threads he would start about the demise of the NY Times.
     
    Last edited: Nov 13, 2009
  4. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    42,690
    Likes Received:
    279
    Ratings:
    +702 / 20 / -30

    Someone's head is going to explode all over the computer screen..
     
  5. wistahpatsfan

    wistahpatsfan Pro Bowl Player

    Joined:
    Jul 30, 2005
    Messages:
    15,626
    Likes Received:
    11
    Ratings:
    +13 / 0 / -1

    #75 Jersey

    Hi, Foggy!
    I know you're watching!
    I hope they let you join in again soon!
     
  6. Mrs.PatsFanInVa

    Mrs.PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Sep 7, 2009
    Messages:
    16,201
    Likes Received:
    364
    Ratings:
    +674 / 14 / -6

    #24 Jersey

    Lou Dobbs, anyone?
     
  7. Patriot_in_NY

    Patriot_in_NY Veteran Starter w/Big Long Term Deal

    Joined:
    Jan 1, 2007
    Messages:
    8,543
    Likes Received:
    19
    Ratings:
    +34 / 0 / -0

    the political douche-baggary that is spewed on this site every day is overwhelming. Really............... Some of you people need to get a clue.

    The paper is going out of business because, LIKE JUST ABOUT EVERY OTHER old-style print news media operation, it's having trouble adjusting to the new-media format that is taking over the industry.

    It has ZERO to do with the political ideology of the organization in question. Hundreds of old-style media organizations, both left and right leaning are struggling. The title of this thread is just dumb.

    Don't mind me though, continue your masturbatory "fun-fest" lefty with abandon. We wouldn't want reality to ruin your fantasies. :rolleyes:



    p.s. Bonus points for failing to post the sub-text of the article - "Economic downturn appears to be cause of newspaper shake-up" :singing:
     
    Last edited: Nov 13, 2009
  8. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    42,690
    Likes Received:
    279
    Ratings:
    +702 / 20 / -30

    Nice intelligent addition, did you read any of the accounts of escorting executives out with armed guards?? This paper has never made money, it has been funded by Rev. Moon, and his infusion of cash has kept this going from the onset...
     
  9. Mrs.PatsFanInVa

    Mrs.PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Sep 7, 2009
    Messages:
    16,201
    Likes Received:
    364
    Ratings:
    +674 / 14 / -6

    #24 Jersey

    Double bonus to you for failing to miss the source of their "economic downturn."

    A former Times staffer also tells TPM that the newspaper may have lost immediate access to the stream of money that helps fund the Times. According to the source, the newspaper used a stream of additional investments from the parent company that owns the Times to keep its operation going. But one of the three executives fired on Sunday -- chairman Dong Moon Joo -- was apparently the one responsible for securing those additonal investments. It was his main function, our source says. Without additional cash infusions from the parent company run by Preston Moon, it's possible that the Times will have serious short-term cash problems, we're told.
     
  10. reflexblue

    reflexblue PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Aug 11, 2006
    Messages:
    17,584
    Likes Received:
    104
    Ratings:
    +323 / 6 / -4

    #91 Jersey

    Thats why your here to enlighten the mass's.....:rolleyes:
     
  11. Patriot_in_NY

    Patriot_in_NY Veteran Starter w/Big Long Term Deal

    Joined:
    Jan 1, 2007
    Messages:
    8,543
    Likes Received:
    19
    Ratings:
    +34 / 0 / -0

    Okay, then justify the POLITICAL title, other then "getting jollies" over the failure of another business in difficult economic times?
     
    Last edited: Nov 13, 2009
  12. Mrs.PatsFanInVa

    Mrs.PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Sep 7, 2009
    Messages:
    16,201
    Likes Received:
    364
    Ratings:
    +674 / 14 / -6

    #24 Jersey

    I'm unsure why I'd have to "justify" anything - especially something so glaringly untrue. such as my rejoicing in the fact that a business failed in difficult economic times.

    In point of fact, I wasn't rejoicing over anything - I was simply stating that since so many people here like to quote The Post that they may need to be looking for another source. As to referring to it as "right wing" what else would you have me (or anyone else) call it?
     
  13. Patriot_in_NY

    Patriot_in_NY Veteran Starter w/Big Long Term Deal

    Joined:
    Jan 1, 2007
    Messages:
    8,543
    Likes Received:
    19
    Ratings:
    +34 / 0 / -0

    Yeah........... right. :singing:

    Unlike the one......... your motives are fairly transparent. This is classic "schadenfreude". Spin it any way you want.
     
  14. Real World

    Real World Moderator Staff Member

    Joined:
    Aug 15, 2006
    Messages:
    27,351
    Likes Received:
    303
    Ratings:
    +823 / 7 / -2

    Print is more or less toast. It's a sign of the times, and like anything natural, the players involved will simply have to adapt to the new environment. The Globe will be gone at some point, as will maybe the NYT, and maybe one of the other major NY papers. In the Pacific northwest, there are a number of papers that are toast. The internet, it's wifi capabilities, and smart phones, have crippled and already weak industry. It's kinda sad in a sense, but it is what it is.
     
  15. Mrs.PatsFanInVa

    Mrs.PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Sep 7, 2009
    Messages:
    16,201
    Likes Received:
    364
    Ratings:
    +674 / 14 / -6

    #24 Jersey

    It's hard to "spin" facts, Patriot. And the fact is, regardless of what you may think my motives are, is that The Washington Times is having serious internal difficulties, both familial and financial. The owner's son has been fired, he was their main source of income and, regardless of external inclme, without his continual cash flow the paper's going to cease to exist as we know it.

    You can keep trying to deflect the facts with your overconcern about my motives for titling but the truth is - motivation for a thread title has nothing to do with the truth of the matter.

    You don't like my header, that's fine, the truth remains the same.

    Talk about transparency.
     
  16. apple strudel

    apple strudel Banned

    Joined:
    Mar 15, 2008
    Messages:
    5,887
    Likes Received:
    7
    Ratings:
    +7 / 0 / -0

    Print may be toast but good information will always be in demand. This is why Murdoch is gambling on sitting WSJ.com not only behind a pay wall but keeping search engines from spidering the site, even to the extent of considering challenging fair use in court (he will lose). He thinks he is in a position where consumers want to come to him rather than the other way around. He would be right if other major players fall by the wayside, but he will be famously wrong if they don't or if competitors emerge. The end result, however, will be an even larger quality information gap than exists today. As we've already seen, bad public information has extremely negative consequenses. Most people don't even know what quality information is anymore, which is a huge advantage for those who do.
     
  17. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    42,690
    Likes Received:
    279
    Ratings:
    +702 / 20 / -30

    Lucky you, now you can judge people's motives... maybe you can be an internet soothsayer..... guess you missed the untiring defense of this newspaper by the usual suspects... guess you missed all the posts and laughter when the Globe and NY Times were having trouble...

    The reality is that this newspaper is the front for a Cult, it has only remained viable from the onset due to tremendous influx of cash from it's leader, Rev. Moon... it has never made money since its founding, and has been a steady drain on the money of its leader and ex-con Rev. Moon..
     
  18. PressCoverage

    PressCoverage Banned

    Joined:
    Sep 25, 2005
    Messages:
    8,608
    Likes Received:
    13
    Ratings:
    +13 / 0 / -0

    Look at you having another hissy fit when an unflattering news story clobbers right wing propaganda on the side of the head. A little too late.

    Interestingly, you never once showed the same outrage whenever Fraud was "getting jollies." He used the same rationale to smarmily "explain" the demise of non cultist news outlets. You know, the premise that suggested God made it happen because of their "liberal slant?" ... If you did, you would have been right behind me telling Fog to get a clue.... There were dozens of threads by him about this topic, and you never showed up to tell him what's what.

    But, we understand. Two conservative posters at odds? That's like crossing the streams. :rolleyes:
     
    Last edited: Nov 13, 2009
  19. efin98

    efin98 Experienced Starter w/First Big Contract

    Joined:
    Apr 26, 2009
    Messages:
    5,066
    Likes Received:
    0
    Ratings:
    +0 / 0 / -0

    Did you really expect anything less from them when it comes to a lightning rod like the Times? They took the gist of the article without actually reading it if they even read it at all otherwise they would not have gone with the immediate partisan based attacks on the newspaper and you.



    The second place newspapers are going to go belly up everywhere, the WashingtonTimes is the second place newspaper in DC and will suffer the same fate as #2s Rocky Mountain News, Seattle Post-Intellegencer, Halifax Daily News, Cincinnati Post just to name the biggest belly-ups so far.

    Fog brought up the New YOrk Times being in trouble for a reason- it is in actual trouble! The New York Times is lucky that they have other means to get revenue and have secondary and tertiary newspapers to sell off to cover their debts and losses, they will only last so long though. The Boston Globe will be in trouble financially as soon as their deals end with the unions and guilds, the Times may not be able to bail them out again and the paper may not have a way of cutting any more out of their budget or raising any more revenues. They dodge a bullet this time but their days are numbered. Same is true of the New York Times, they will get to the point where they don't have any more secondary papers to sell off and will be forced out of the printing business. Times changed.
     
  20. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    42,690
    Likes Received:
    279
    Ratings:
    +702 / 20 / -30

    The difference here is that the Washington Times was founded to spout a specific religious/political agenda and has never turned a profit... the only reason it exists is due to the continual influx of cash from Rev. Moon and the Unification Church..

    Leaders' Conference - Sun Myung Moon

    From a speech in 2002, when the Washington Times turned 20 years old...

    http://www.washingtonpost.com/ac2/wp-dyn?pagename=article&contentId=A60061-2002May22

    No doubt the other newspapers will be in trouble sooner or later, but they were viable for a period of time compared to this self admitted right wing propaganda outlet... sources indicate that there has been losses of 1.7 billion since its founding.
     
    Last edited: Nov 14, 2009

Share This Page

unset ($sidebar_block_show); ?>