Report: Washington Times to move HQ

Washington Business Journal/January 7, 2010

The Washington Times plans to vacate its Northeast D.C. headquarters by the spring, according to a report from U.S. News & World Report.

The Washington Times, which has recently downsized its staff count by hundreds, would not confirm details reported on the U.S. News & World Report's Web site, but did release a statement in response to it.

"The Washington Times continues to evaluate aspects of its operations, looking for additional efficiencies," said a statement released by the Washington Times on Thursday. "Facilities are certainly a part of that evaluation. No decision, however, has been made with regard to its current headquarters."

Its headquarters is at 3600 New York Ave. NE near the Maryland-D.C. border. The 28-year-old paper is owned by News World Communications, a wing of the Rev. Sun Myung Moon’s Unification Church.

The Washington Times announced a myriad of severe changes in late 2009 in response to falling circulation and advertising revenues. The paper made headlines due to such announcements as a top management shakeup, plans to lay off hundreds of staffers, axing its Sunday edition and raising its price from 50 cents to $1 at retail outlets.

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