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."
Read more about this topic: The Washington Times