CanWest Buys The New Republic
CanWest Global Communications Corp., an international media company located in Canada, announced Feb. 27 that it has acquired a 100-percent interest in The New Republic, a 93-year-old U.S.-based political magazine. This acquisition follows the purchase by CanWest in 2006 of a 30-percent interest in the magazine.
According to CanWest, the magazine and its Web site are currently undergoing a major overhaul with makeovers including a new publication frequency, larger issues and a more reader-friendly design. There are also plans for a relaunched Web site with more daily digital content.
“The New Republic, similar to CanWest’s other publications, has a strong foundation and a proud history. We look forward to seeing it become even stronger,” said Tom Strike, president of CanWest MediaWorks International. “In today’s media environment, we need to place a priority on delivering quality content to readers when, where and how they want it. The New Republic is well-positioned to do just that.”
Greg MacNeil, a veteran of Canadian publishing, is acting as interim publisher. Marty Peretz will continue as editor-in-chief.
CanWest claims to be Canada’s largest media company and its largest publisher of daily newspapers which also owns, operates and/or holds substantial interests in conventional television, out-of-home advertising, specialty cable channels, Web sites, and radio stations and networks in Canada, New Zealand, Australia, Turkey, Singapore, Indonesia, Malaysia, the United Kingdom and the United States.