Washington Times to Assess Positioning in Response to Market Changes; New Management Team to Focus on Sustainability Planning

WASHINGTON--(Business Wire)--
The Washington Times LLC today announced that it is continuing on its path
toward a sustainable multimedia news enterprise involving leadership expertise
from within The Washington Times and directed by its Board of Directors and its
parent company, News World Communications LLC.

Today`s industry conditions and the general economic downturn necessitate this
team-based assessment, planning, and subsequent implementation of a plan to
enable The Times to become a sustainable multimedia company in today`s
challenging news industry environment.

Jonathan Slevin has been named Acting President and Publisher of The Washington
Times. Tatum executive services and other specialists are providing assistance
to a new Washington Times leadership team. The process will clarify the steps
needed to achieve the goal of a market-based, financially sustainable media
enterprise.

Mr. Slevin previously served as a vice president of The Washington Times, was
managing editor of the New York City Tribune, held executive business management
positions in other industries, and is the author of several books. He comes from
a journalism family that includes his late father, a reporter on the political
economy and former president of The National Press Club, his cousin who was
formerly editorial page editor of The Los Angeles Times, and his uncle, editor
in chief of The Baltimore Sun and a Pulitzer-prize winning reporter in
international affairs.

Thomas P. McDevitt has been relieved of his duties as president and publisher of
The Washington Times. Keith Cooperrider, former chief financial officer of The
Washington Times, has also been relieved of his duties, as well as Dong Moon
Joo, who was serving in a titular role as chairman.

"The Washington Times values the highest standards of journalism and a
commitment to serving the citizens of our democratic form of government with the
news they need to make informed decisions on matters in our vital collective and
personal interests," said Slevin. "Our assessment team looks forward to emerging
with a market-based plan that supports the sustainability of The Washington
Times and advances the Times` role as an important source of news and opinion
for readers who value a diversity of information and analysis."

The Washington Times LLC
Don Meyer, 202-898-0995
Cell: 202-834-6859

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