Wine Business Blog Wine Business Follow us on Twitter Wine Business Blog RSS Subscribe to Wine Business Blog by Email Wine Industry Blogs Wine Industry Classifieds Wine Industry Events Wine News Archives Wine People News Vineyard Weather Wine Jobs
December 10, 2012 | 6:30 AM

According to the Wall Street Journal Robert Parker is selling a "substantial interest" in the Wine Advocate to a trio of Singapore-based investors and he is relinquishing editorial control to his Singapore-based correspondent, Lisa Perrotti-Brown.

Reuters columnist Felix Salmon mused

Nothing about this deal makes any sense, on its face. The new owners are going to start accepting advertising — something which makes sense financially, since those 50,000 subscribers tend to be extremely well-heeled. But at the same time, they’re scrapping the print version of the newsletter, despite the fact that (a) it’s profitable, and (b) they would surely be able to charge much higher rates for print ads than for online ads.

The new owners also have no experience either in wine or in publishing: Parker says that they’re “young visionaries” in the financial-services and IT fields.

Read more, Reuters

Got a tip? Tell us
Search WB Blog
Recent Posts
The Daily Sip by Bottlenotes
We Love Wine - and Our Dogs!
Liv-ex Fine Wine Market Blog
First Growths: back to 2011
A listing of all the blogs monitored by our editors on a daily basis.
Email your comments to