The Washington Post Co. (WPO) has announced that it has agreed to acquire Foreign Policy magazine, a two-time winner (2003 and 2007) of the prestigious National Magazine Award for General Excellence.
The magazine, which is published in eight non-English editions and has a circulation of 100,000, takes on the world of global politics, economics and ideas as its mission, and draws on leading journalists, thinkers and foreign policy practitioners for its trademark analysis and insight.
Founded as a quarterly journal in 1970 - the magazine was relaunched as a glossy bimonthly magazine in 2000 by its current editor and publisher, Moises Naím, who will remain editor-in-chief.
Susan Glasser, a longtime Washington Post editor and foreign correspondent will join Foreign Policy as executive editor.
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.
Foreign Policy is thrilled to join The Post Company,” said Moises Naím, editor-in-chief of Foreign Policy. “In an era in which too many newspapers and magazines are retreating from international news, The Washington Post Company is smartly bucking the trend. Serving the expanding market of readers eager to understand how events in other countries affect them is what FP is all about, and that is why we are so excited to have The Washington Post Company as our new home.
The transaction is expected to close Tuesday (Sept. 30).