Times Publishing Co. has sold Governing magazine to e.Republic, a publisher of titles focused on state and local government and education. Terms of the deal weren’t disclosed. The sale comes a few months after The Economist Group paid over $100 million to acquire Congressional Quarterly from Times Publishing. CQ was subsequently folded into The Economist’s Roll Call. For its part, e.Republic says it will maintain Governing as an independent title under publisher Fred Kuhn. It will likely share back office operations with e.Republic’s other properties, which include Government Technology, and Public CIO.
The Jordan, Edmiston Group, Inc. served as the banker on the deal, representing Times Publishing, as it did in the CQ sale. Following the shedding of CQ and Governing, the company continues to own Florida’s St. Petersburg Times daily newspaper, local business mag Florida Trend and the weekly newspaper Tampa Bay Times.