We received a statement from Ashely Huston, Vice President, Corporate Communications, with
Dow Jones & Co. - The Wall Street Journal, saying that
Today's Wall Street Journal includes a new story from Lettie Teague regarding the Wine Advocate, linked and copied below.
Regarding WSJ's article on Monday, "Big Shake-Up at Robert Parker's Wine Advocate" - Our original article was accurate, and today's piece reflects the latest statements from the Wine Advocate.
Wine Advocate Will Stay Put, and in Print
By LETTIE TEAGUE
Robert M. Parker Jr., the influential editor of the Wine Advocate, now says the headquarters of the 34-year-old newsletter will remain in Maryland and that it will continue to publish a print edition.In a weekend interview with The Wall Street Journal that was published in Monday's editions, Mr. Parker had said he intended to phase out the print version of the newsletter, moving to an online-only format, possibly before the end of 2013, and that the Wine Advocate's headquarters would be moving to Singapore.He also had disclosed plans to step down as editor in chief and sell a "substantial interest" in the newsletter to a trio of Singapore-based investors. Those plans appear to be continuing unchanged.Mr. Parker and the Wine Advocate have a loyal following, with about 50,000 subscribers paying $75 for six issues a year.Some subscribers raised an outcry on the newsletter's online bulletin board after the Journal published its article on the interview Monday, and Mr. Parker said the Wine Advocate would continue to appear in print. On Monday morning he tweeted that he had "no plans to eliminate the print edition."A spokeswoman for Mr. Parker said in an email Wednesday that "while things could always change down the road," the print edition will stay in place.The spokeswoman also said the newsletter's Singapore office will be "a second office," from which its investors and Singapore-based correspondent Lisa Perrotti-Brown, the new editor in chief, "will be handling various business and editorial operations."The spokeswoman also said in Wednesday's email that the Wine Advocate's headquarters will remain in Monkton, Md.The spokeswoman added that the owners "will never run ads in hard copy or the PDF editions of the Wine Advocate, but are looking into the idea of nonwine-related advertisement on the bulletin board and portions of eRobertParker.com," Mr. Parker's website.Ms. Perrotti-Brown had said in an email to the Journal over the weekend that the owners would "eventually allow advertising" in the Wine Advocate from upscale sponsors such as credit cards or watch companies.
Elsewhere it was reported that Parker received $15 million in the sale.