Investor tied to Moon church buys Nostalgia stake. (Jonathan Park; Sun Myung Moon; Unification Church) (includes related article on new executives at Nostalgia Network Inc.)
Multichannel News, May, 1990 by Higgins, John M.
Investor Tied to Moon Church Buys Nostalgia Stake NEW YORK - Nostalgia Network Inc. chairman Michael Marcovsky sold a 25 percent stake in the company to a Washington, DC investor with close ties to the Rev. Sun Myung Moon's controversial Unification Church. Marcovsky's new partner, Jonathan Park, is the son of Bo Hi Pak, president of the Unification Church-controlled newspaper The Washington Times.
Pak has been cited by church watchers and critics as Moon's top lieutenant in the United States. Nostalgia officials said that last Tuesday, Park paid $7.5 million for half of Marcovsky's 51 percent stake in Nostalgia. The deal included half of Nostalgia's common stock, preferred stock and warrants held by three of Marcovsky's affiliates: Marnell...
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