According to a heavily embargoed press release from The Washington Post Company’s reps, the company has acquired Foreign Policy, the magazine and Web site formerly owned by the Carnegie Endowment for International Peace.
FP will become part of The Slate Group, which recently launched The Big Money, a business site.
Why this news is embargoed until approximately 3 P.M., we have no idea, but the release follows.
WASHINGTON—September 29, 2008—The Washington Post Company (NYSE: WPO) announced today that it has acquired Foreign Policy magazine, a two-time winner of the prestigious National Magazine Award for General Excellence. The magazine and its award-winning website, foreignpolicy.com, have been published by the Carnegie Endowment for International Peace, a think tank headquartered in Washington, DC.