Memo from adviser to firm that owns The Washington Times says paper may be sold for $1

Memo: The Washington Times could be sold for $1

WASHINGTON — A memo from an adviser to the company that owns the financially struggling The Washington Times says the paper could be sold for $1 to a company affiliated with the Unification Church.

The paper was founded in 1982 by Unification Church leader Rev. Sun Myung Moon and is often viewed as a conservative alternative to the much larger Washington Post. Moon’s son and News World Communications currently own the paper.

In the memo released Tuesday, Michael Marshall advises that the paper could be sold to News World Media Development, a firm headed by one of Moon’s allies.

News World Communications is also asking Delaware-based News World Media Development to assume the paper’s financial and legal obligations to its employees and creditors in the tentative deal.