LEGACIES

Peretz Buys Back New Republic

What goes around comes around. And with that, Marty Peretz, the former owner of the New Republic magazine, is taking the publication back under his watch along with a group of investors, including former Lazard executive Laurence Grafstein. "Something is happening today that I am very happy about," Peretz told Politico. "There is a group of us that are acquiring the New Republic from CanWest." CanWest purchased the liberal-leaning magazine in early 2007. Until then, Peretz had a stake in the publication dating back to 1974. Like before, Peretz will be editor-in-chief and Frank Foer will remain as editor.