Michael Steinhardt
CanWest Buys out the New Republic
Just days after purchasing the shares from money men Roger Hertog and Michael Steinhardt, Canadian media giant Can West has completely bought out the New Republic.
The Observer first reported in Dec. 2006 (2nd item) that CanWest was taking a majority stake in the company. That was confirmed on Feb 23. Instead of just majority interest, CanWest now owns 100% of the company.
Marty Peretz, who no longer owns part of the magazine, for the first time since 1974, will remain as Editor in Chief.
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