After all the ways The New Republic has reinvented itself repeatedly over the past 20 years, I can't say I find this development all that alarming, but maybe I'm wrong.

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.

Just another development in the land-grab for printed media, even while many journalists continue to throw fits about the advent of blogging and new media.

Says the press release:

The magazine and its website are currently undergoing a major overhaul. The makeover includes a new frequency of publication, bigger issues and a new reader-friendly design.

If you haven't seen it yet, do go see the Frontline series, "News War."

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media girl also blogs at other places.