Washington Times up for sale

The struggling newspaper has been put on the market, one of its directors has announced.

Nicholas Chiai, one of the Times' two directors, has confirmed that the paper is for sale. He said that they have had discussions with a number of parties interested in either buying or partnering with the paper.

The Washington Times is owned by News World Communications, a division of Sun Myung Moon's Unification Church. The paper has been undergoing a challenging time since Moon handed over the paper to his children last year.

It is understood his daughter and three sons, who are fighting for control of the church's multiple enterprises, have significantly cut down on subsidies to the paper. The Times has laid off a significant number of staff and cut down on the sections as well.

The Washington Post reported that John Solomon, who last year resigned as the Times' executive editor, is one of the potential suitors.