Times are tough at the conservative journal ‘The Weekly Standard.’ They have been one of the leading voices for ‘Never-Trump’ conservatives and that plan has apparently no paid off. Rumors are flying around the media world that they are on the verge of closing.
The Daily Caller reports:
EXCLUSIVE: THE WEEKLY STANDARD EXPECTED TO SHUTTER IN COMING WEEKS
“I don’t expect it to exist after December 14, 2018,” one editor at the magazine told TheDCNF. “There is no budget for it AT ALL.”
News broke Tuesday afternoon from CNN that the magazine’s editor-in-chief Stephen Hayes addressed staff about the magazine’s troubles, but did not go into detail about what the future might hold.
“Supposedly Steve Hayes doesn’t even know [beyond what CNN reported],” the staffer said.
The Weekly Standard was founded in 1995 by Bill Kristol and Fred Barnes. Originally owned by NewsCorp, the magazine was eventually sold in 2009 to billionaire Philip Anschutz. Individuals close to the magazine told TheDCNF that Anschutz was growing frustrated with the direction of the magazine.
A former employee of The Washington Examiner, which is a member of the same parent company as The Weekly Standard, told TheDCNF the office had been hearing murmurings Monday about the magazine’s fate. That employee told TheDCNF there had been talk that some of The Weekly Standard would be folded into The Washington Examiner.
“They’re either closing or they’re folding into a page of the Washington Examiner,” said the former Examiner employee.
Yet a current editor at The Weekly Standard disputed that possibility.
It’s awful for their employees that this may happen during the holiday season. If they manage to stay in business, perhaps they should reassess their business model.