Investor Buys The D.C. Alt-Weekly That Launched Ta-Nehisi Coates And Jake Tapper
Graphic by Angelie Zaslavsky
By Nathan Guttman December 22, 2017
Mark Ein, a Washington DC businessman and tennis enthusiast, is entering the local newspaper scene, purchasing the Washington City Paper, an alternative publication which has come across hard times and was seeking an urgent cash infusion.
Ein is an investor and chairman of Kastle Systems building-security company. He also founded the Washington Kastles tennis team.
Speaking to Axios Ein would not disclose the dollar amount of his purchase, but said he didn’t pay “a huge amount of money” for it. The paper, according to Ein, is losing less than $1 million a year.
Washington City Paper has been the leading alternative voice in the nation’s capital and has served as the breeding ground for some of today’s top journalists. Ein intends to join forces with some of the City Paper’s alumni, including CNN’s Jake Tapper, author and journalist Ta-Nehisi Coates and journalist Kate Boo, to guide the publication.
Contact Nathan Guttman at [email protected] or on Twitter @nathanguttman
This is a moment of great uncertainty. Here’s what you can do about it.
We hope you appreciated this article. Before you go, we’d like to ask you to please support the Forward’s independent Jewish news this Passover. All donations are being matched by the Forward Board - up to $100,000.
This is a moment of great uncertainty for the news media, for the Jewish people, and for our sacred democracy. It is a time of confusion and declining trust in public institutions. An era in which we need humans to report facts, conduct investigations that hold power to account, tell stories that matter and share honest discourse on all that divides us.
With no paywall or subscriptions, the Forward is entirely supported by readers like you. Every dollar you give this Passover is invested in the future of the Forward — and telling the American Jewish story fully and fairly.
The Forward doesn’t rely on funding from institutions like governments or your local Jewish federation. There are thousands of readers like you who give us $18 or $36 or $100 each month or year.
Support our mission to tell the Jewish story fully and fairly.
