Summary:

Last week The Economist Group announced its acquisition of the Congressional Quarterly, to be rolled into its RollCall publication. At that…

CQ

Last week The Economist Group announced its acquisition of the Congressional Quarterly, to be rolled into its RollCall publication. At that time, no price was announced. but I have learned through a source close to the competitive bidding process that the price was at least above $100 million. At that price most of the other bidders dropped off, and CQ closed the deal with RollCall. So it is likely around the $125 million range.

CQ, previously owned by the Times Publishing Co., the owner of the ailing St. Petersburg Times

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By Rafat Ali

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