The sale of the Washington Times has gone through, Politico reports.
The late-August sale of the beleaguered newspaper, following months of staff cuts, represented a reassertion of control by the paper's founder, Reverend Sun Myung Moon of the Unification Church.
Rev. Moon had given the reigns of the paper to his son, Preston Moon, who slashed staff to keep the paper afloat. For months, media watchers in D.C. speculated about the fate of the paper and its remaining staff.
The younger Moon finally sold the paper for $1 in late August to Douglas Joo, who will assume the debts and liabilities of the Washington Times.
Joo is said by many to be an ally to Rev. Moon.
