Full Canadian Takeover

Apparently CanWest has bought 100% of The New Republic. Which makes this rather puzzling:

Marty Peretz, who no longer owns part of the magazine, for the first time since 1974, will remain as Editor in Chief.

Um, why? Was that part of the deal? Can the suits think that Peretz makes the property more valuable on its merits? I’m also puzzled by the logic here. If one agrees with Peretz about Al Gore, they’re not allowed to disagree with sentiments like these? I wish TNR had a different editor-in-chief not out of some inherent animus but out of a desire to see a magazine that has a lot of good stuff in it to get better.