Parker sells stake in Wine Advocate to Singapore investors

robert parker

Maryland’s Robert Parker (image from a Hong Kong wine and dining site.)

Photo by:

Maryland isn’t known for its wineries but it does lay claim to the man generally regarded as the world’s most powerful wine critic: Robert M. Parker Jr.

Now Parker, of Monkton, has announced that he is phasing out the print version of his influential newsletter the Wine Advocate and turning over editorial control to his Singapore-based correspondent, Lisa Perrotti-Brown.

As first reported yesterday in The Wall Street Journal, Parker is selling “a substantial interest” in the Advocate to “a trio of Singapore-based investors who will take over its day-to-day financial operations.”

It’s major news in the wine world if there are big changes in Parker’s operation. His ratings have been capable of making or breaking entire wine-producing regions in Europe.

Although founded on the principles of influence-free consumer reporting (Parker always liked to cite Ralph Nader as an inspiration), some of his correspondents “have not maintained arm’s length from the trade,” as the wine newsletter Dr. Vino points out.

But if the shift represents a turning point for the publication, it may be as much about finding new markets as about updating the publishing platform and ethical stance.

Parker told the Journal they’ll be putting more emphasis on Asia’s growing wine industry and basing a correspondent in China.

Be sure to check our full comment policy before leaving a comment.

  • September 4, 2015

    • Horseshoe Casino Baltimore generated $27.6 million from slot machines and table games last month in its best performance since opening a year ago. After a slow start, the gambling emporium on Russell Street reached its highest level of revenues last March, a month before the Baltimore riot sent revenues plummeting in May. August’s revenues were $3.2 […]

  • September 2, 2015

    • Sharp-Leadenhall’s $2.4 million Race Street water and sewer infrastructure upgrades have been completed. The Department of Public Works finished work on 0.8 acres between West Cross and West Ostend streets next to Stadium Square, a 293-unit apartment and retail project under development by Caves Valley Partners. In addition to restoring the century-old storm drain structure, […]

  • September 1, 2015

    • Over the last five months of its crackdown on delinquent water accounts, Baltimore’s Department of Public Works turned off service to only 11 commercial accounts, while nearly 5,000 residents with overdue bills had their service terminated. During the time frame of March 26 to August 28, the agency has collected $27,896,883 from overdue accounts. Only $4,901,641 of that sum […]

More of the Daily Drip »

Below the Fold

  • December 15, 2014

    •   “Ha ha, so not a surprise.” “Shocking…not!!” We get applause but also the occasional eye-roll these days for our accountability reporting – like last week’s piece about how tax cuts promised by the mayor as a selling point for Horseshoe Baltimore probably won’t happen, thanks to the casino’s lower-than-expected revenues. We get where the […]