10 Dec '12, 7am

Greater detail on the news Parker has sold The Wine Advocate to a Singapore company: Lisa Perrotti Brown Ed-in-chief

This is a bit odd. Last month, Lettie Teague had lunch with Robert Parker , and asked the questions on everybody’s mind: “Was Parker planning to retire? Did he have a replacement? Was he selling the Wine Advocate?” Parker told Teague that he had no intention of retiring, nor of selling: Parker said he has entertained offers to buy his newsletter over the years, including three from “hedge-fund guys,” but so far he has refused them all, in part because he would not relinquish editorial control of the newsletter. Today, however, Teague is back, this time in the pages of the WSJ. And it seems very much that Parker has sold the Wine Advocate after all — to a shadowy group of investors in Singapore, no less. What’s more, he’s relinquishing that editorial control as well: he’s “turning over editorial oversight to his Singapore-based correspondent, Lisa Perrotti-Brown”. Nothing a...

Full article: http://blogs.reuters.com/felix-salmon/2012/12/10/the-robe...

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