The magazine’s precarious position comes after its leadership spent months searching for a buyer, the people told CNN.
The people explained that The Weekly Standard’s leadership had butted heads with MediaDC, the current publisher of the magazine, and that the two parties had agreed to allow Hayes to search for a new owner.
However, MediaDC recently informed The Weekly Standard’s leadership that the company was no longer interested in a sale, the people said.
Instead, Ryan McKibben, the chairman of MediaDC, asked to meet with Hayes in a meeting tentatively scheduled for late next week, the people said. McKibben, they said, also requested the entire staff of The Weekly Standard be made available following the meeting.