By: E&P Staff The Washington Post Company announced today that it has acquired Foreign Policy magazine, and that longtime Washington Post editor and foreign correspondent Susan Glasser will join FP as executive editor. The purchase price was not disclosed.
FP -- a two-time recipient of the National Magazine Award for General Excellence -- has been published by the Carnegie Endowment for International Peace think tank in Washington, D.C. There's also the award-winning ForeignPolicy.com site and Passport daily blog.
The magazine was founded as a quarterly journal in 1970 and relaunched as a glossy bimonthly in 2000 by its current editor and publisher, Moises Naim, who is staying on as editor-in-chief. FP will be part of The Slate Group.
"Foreign Policy is a terrific magazine, and I'm pleased it will become a part of our company," said Donald E. Graham, chairman and chief executive officer of The Washington Post Company, in a statement. "We are committed to great magazine journalism, and I hope Foreign Policy will also become one more center of innovation that helps us expand our journalism in the online arena."
Naim added: "In an era in which too many newspapers and magazines are retreating from international news, The Washington Post Company is smartly bucking the trend."
FP is published in eight foreign-language editions and has a circulation of about 100,000.
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