Summary:

CanWest Global Communications went from majority shareholder of The New Republic magazine to sole owner on Wednesday. (via NY Observer.) The…

CanWest Global Communications went from majority shareholder of The New Republic magazine to sole owner on Wednesday. (via NY Observer.) The Canadian media company had just purchased the majority shares of money managers Roger Hertog and Michael Steinhardt, who had initially bought their shares from longtime editor Marty Peretz in 2002. Peretz, who no longer owns any part of the magazine, for the first time since 1974, will remain as editor in chief. As we noted over the weekend, the 93-year-old center-left weekly and its website will undergo a major overhaul over the next few months. The makeover includes publishing every other week, bigger issues and much more graphics. The enhanced website will be launched soon with more daily premium content. Release
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