The Weekly Standard — the conservative magazine that has stubbornly cleaved to an anti-Trump stance — is expected to fold unless a white-knight investor swoops in.
The current owner of the 23-year-old publication, Media DC, a subsidiary of Philip Anschutz’s Clarity Media Group, did nothing on Wednesday to tamp down reports of the Weekly Standard’s imminent demise.
“It is no secret that news organizations across the US are dealing with an evolving business landscape,” said a spokeswoman for Clarity Media.
“The Weekly Standard is dealing with these same issues. Clarity Media has been exploring a number of possibilities regarding the future of The Weekly Standard. At this time, Clarity does not have any news to share about its evaluation process.”
The Daily Caller first reported the news of the Standard’s pending demise, citing sources who said they had been told by Editor-in-Chief Stephen Hayes. CNN followed that up with a report saying that Hayes had originally been told he could shop for a potential new owner, but that Clarity backtracked on that and now plans to close the weekly.