The Weekly Standard, long a bastion of neoconservative thought, is reportedly about to close. The Daily Caller reports:
The Weekly Standard is not expected to survive going into 2019 and is preparing to shut down permanently, according to a current staff member and former member of the magazine’s parent company who spoke to The Daily Caller News Foundation.
Rumors had been circulating throughout the media class Tuesday about the fate of The Weekly Standard in the wake of the magazine’s dwindling readership and circulation, despite a rebranding effort as the preeminent right-leaning periodical for conservatives opposed to President Donald Trump.
“I don’t expect it to exist after December 14, 2018,” one editor at the magazine told TheDCNF. “There is no budget for it AT ALL.”
News broke Tuesday afternoon from CNN that the magazine’s editor-in-chief Stephen Hayes addressed staff about the magazine’s troubles, but did not go into detail about what the future might hold.
This would be a combination of dropping viewership, but most importantly, financial mismanagement on the part of Kristol and elites who lived off the contributions of their fathers without contributing anything of value themselves.