Tags: murdoch | weekly | standard

Murdoch to Sell Weekly Standard: Deal Imminent

Thursday, 11 Jun 2009 01:09 PM

By Jim Meyers

Rupert Murdoch's deal to sell the political magazine Weekly Standard to Denver billionaire Philip Anschutz is "imminent," reports Paul Bedard of U.S. News & World Report.

Newsmax reported on Wednesday that Murdoch's News Corp. was in talks to sell the magazine to Anschutz, although Jack Horner, corporate affairs and communications director for News Corp., declined to comment on the deal, as did Anschutz spokesman Jim Monaghan.

But Bedard said his Washington Whispers column "confirms" that the deal will go through.

He reported that at a meeting Wednesday morning, Weekly Standard "staff were told the sale is imminent."

Anschutz already owns The San Francisco Examiner and The Washington Examiner newspapers.

The deal for the Weekly Standard is "a natural fit for the Denver mogul's budding Clarity Media Group," Bedard observed.

"His Washington Examiner, for example, has been hiring conservative editorial writers and columnists like former U.S. News columnist Michael Barone and National Review's Byron York."

And the Los Angeles Times noted that Anschutz, who owns an entertainment conglomerate, "has long been an advocate of conservative causes and owning the Weekly Standard could boost his political influence even further."

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