Martin Peretz, longtime editor in chief of The New Republic, sold his remaining shares in the pro-Israel magazine, The New York Observer reported. Peretz, 68, sold his 25 percent share to the Canadian company CanWest Global Communications on Tuesday. In 2001, hedge-fund billionaire turned mega-philanthropist Michael Steinhardt bought two-thirds of the magazine with Roger Hertog. CanWest bought into the magazine in 2006, and later bought out Steinhardt and Hertog.Peretz, who is a JTA board member, is expected to remain The New Republic’s editor in chief as the magazine unveils a redesign March 9.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
