February 23, 2007
New Republic to Cut Back Publication Schedule
By KATHARINE Q. SEELYE
The New Republic, the thinning left-leaning weekly magazine whose circulation has plunged in the era of the Web, is overhauling itself with a new configuration of owners, who are investing in a new look for the magazine and cutting back its publication schedule to every two weeks.
CanWest Global Communications, a Canadian media conglomerate that had been a minority shareholder in The New Republic, is now the majority owner. Martin Peretz, the editor-in-chief, is retaining his one-quarter interest.
“Having a corporation in the ownership mix, and at a publishing company at that, is a much greater guarantee for the financial future of the magazine,” Mr. Peretz said today. “It just seemed to me, given my own intellectual and moral synergies with Leornard Asper, a very good partnership.” Mr. Asper, the chief executive of CanWest, was not immediately available for comment.
Franklin Foer, who was named editor of the magazine a year ago, said that he has been spending much of his tenure mulling “how to revise the magazine’s identity for the age of the blog,” and now plans to reinvigorate the publication and its Web site with a deeper commitment from Mr. Asper.
His goal, Mr. Foer said, is for the magazine to “transcend ideology” and to become what he calls The New Yorker of politics [WTF?]. ...
<http://www.nytimes.com/2007/02/23/business/media/23cnd-mag.html?hp=&pagewanted=print>
Carl
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