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New Republic's Martin Peretz Sells His Shares
Martin Peretz, part owner and longtime editor in chief of The New Republic, has sold his share of the political and cultural magazine to a Canadian media conglomerate. A subsidiary of CanWest Global Communications, which last week bought out two other New Republic owners, announced on Tuesday that it had taken full control of the magazine by buying Peretz’s 25 percent share. He will remain editor in chief, according the New York Times. "I’m 68 years old, almost, and I’ve been doing this for 33 years,” he said. "I think it’s very good for the magazine.” CanWest said it will cut back publication from weekly to every two weeks, double the number of pages, and introduce a redesigned version on March 19. The current editor at large Peter Beinart oversaw the most recent redesign of the magazine, in 2003, the New York Observer reported.
Story Continues Below Peretz, who has also been a lecturer on social studies at Harvard University, has for the most part taken liberal positions on social and economic issues, while remaining hawkish on foreign affairs. He has close ties to Al Gore – who was his student at Harvard in the 1960s – and advocates his candidacy for the White House in 2008. His wife Anne Labouisse Farnsworth Peretz is an heiress to the Singer Sewing Machine fortune. Peretz bought the 93-year-old publication in 1975.
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