The Weekly Standard, the conservative magazine founded by Bill Kristol in 1995, will shut down, Ryan McKibben the CEO of the magazine’s parent company Clarity Media told staffers in an all-hands meeting on Friday morning. The company made it official in a press statement a short time later.
“The Weekly Standard has been hampered by many of the same challenges that countless other magazines and newspapers across the country have been wrestling with,” McKibben said.
“Despite investing significant resources into the publication, the financial performance of the publication over the last five years — with double-digit declines in its subscriber base all but one year since 2013 — made it clear that a decision had to be made,” he added. “After careful consideration of all possible options for its future, it became clear that this was the step we needed to take.”