Ownership Change
Although the publication had, as of 2006, never been profitable and reputedly lost "more than a million dollars a year", News Corporation head Rupert Murdoch had previously dismissed the idea of selling it. In June, 2009, a report circulated that a sale of the publication to Philip Anschutz was imminent, with Murdoch's position being that, having purchased The Wall Street Journal in 2007, his interest in the smaller publication had been less forceful. The Washington Examiner reports that the Examiner's parent company, the Anschutz-owned Clarity Media Group, has since purchased the Standard. Since the sale to the Clarity Media Group, the Standard has increased its paid circulation by 39 percent between its June 2009 and June 2010 BPA statements.
Read more about this topic: The Weekly Standard
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