CQ’s Acquisition By Economist Group/RollCall: Above $100 Million

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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