One of the threats of the possible pending bankruptcy of the Canadian media conglomerate CanWest was the folding of the New Republic, the 95 year-old magazine it purchased a few years ago. Today it was announced that a group of investors, among them Laurence Grafstein and the magazine’s guiding light for the past 35 years, Martin Peretz, has purchased TNR. This is very good news for everyone who believes in the future of the serious magazine. It is to be hoped that Larry and Marty will work hard to restore it to its finest days.
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