According to a new report this week, one of the Republican Party’s oldest publications, The Weekly Standard, might be going under within the next month.
“I don’t expect it to exist after December 14, 2018,” one editor at the magazine told The Daily Caller News Foundation. “There is no budget for it AT ALL.”
Rumors of a possible shutdown have been circulating in the wake of a shrinking readership and circulation.
The magazine attempted to rebrand itself as the “pre-eminent right-leaning periodical for conservatives opposed to President Donald Trump,” according to the DCNF, however that doesn’t seem to have yielded sufficient results.
CNN broke the news on Tuesday after the Standards Editor-in-Chief, Stephen Hayes, told his staff that the publication’s situation was critical.
“Supposedly Steve Hayes doesn’t even know [beyond what CNN reported],” the staffer said, according to the DCNF.
According to CNN, The Weekly Standard’s leadership has butted heads with MediaDC, the current publisher of the magazine.
A spokesperson for Clarity Media Group, Inc., the parent company of MediaDC, gave a statement to CNN.
“It is no secret that news organizations across the U.S. are dealing with an evolving business landscape,” the statement said.
“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 DCNF reported that the long-standing GOP publication was founded in 1995 by Bill Kristol and Fred Barns.
“Originally owned by NewsCorp, the magazine was eventually sold in 2009 to billionaire Philip Anschutz. Individuals close to the magazine told TheDCNF that Anschutz was growing frustrated with the direction of the magazine.”
A former employee of The Washington Examiner, which is a member of the same parent company as The Weekly Standard, told TheDCNF that there had been rumors of the Standard being folded into the Examiner.
“They’re either closing or they’re folding into a page of the Washington Examiner,” said the former Examiner employee according to the DCNF.
However, a Standard employee contradicted that possibility.
“I don’t think ‘folded’ is the right word. It sounds more like get rid of us entirely,” the editor said.