The Washington Times - Funding

Funding

The Washington Times has lost money every year that it has been in business. By 2002, the Unification Church had spent about $1.7 billion subsidizing the Times. In 2003, The New Yorker reported that a billion dollars had been spent since the paper's inception, as Moon himself had noted in a 1991 speech, "Literally nine hundred million to one billion dollars has been spent to activate and run the Washington Times". In 2002, Columbia Journalism Review suggested Moon had spent nearly $2 billion on the Times. In 2008, Thomas F. Roeser of the Chicago Daily Observer mentioned competition from the Times as a factor moving the Washington Post to the right, and said that Moon had "announced he will spend as many future billions as is needed to keep the paper competitive."

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