Editor says deal in works to sell The Washington Times

The executive editor of The Washington Times says the owner of the financially-troubled newspaper has reached a preliminary agreement to sell the paper to a company affiliated with the Unification Church. Sam Dealey said that the deal is subject to a 30-day due diligence period. The sale to News World Media Development will be finalized after that if all parties still agree.Dealey says the newspaper's circulation is roughly 40,000. The paper was founded in 1982 by Unification Church leader Rev. Sun Myung Moon. His son currently owns the paper.