CQ Press, the book publishing unit of Washington-based Congressional Quarterly Inc. (CQ), has been sold to SAGE, the independent academic publisher. The sale was announced jointly by Robert W. Merry, CQ’s President and Editor-in-Chief, and Blaise Simqu, SAGE’s President and CEO. CQ’s corporate parent, Times Publishing Co. of St. Petersburg, Florida, announced on January 3 that it would divest CQ Press in order to direct investment resources to other opportunities, notably the core CQ publishing business and the company’s newspaper, The St. Petersburg Times. Merry said the sale will allow CQ to focus resources on its traditional journalistic enterprise as a provider of news and analysis on Congress, politics. and public policy. He added the company will expand its mission aggressively, particularly in web publishing. SAGE plans to keep CQ Press intact as a separate division based in Washington, D.C., bearing the CQ Press imprint, and retaining all CQ Press employees under the senior management team that will remain in place, including Publisher John A. Jenkins, who will also carry the title of President of CQ Press. SAGE, founded in 1965 as a publisher of academic journals, has expanded into a global education publisher of books, journals and electronic products. In four locations around the world, SAGE publishes more than 500 journals and 700 books a year encompassing 40 disciplines within the academic and scholarly arena.
http://www.sagepublications.com
http://www.cqpress.com
http://www.cq.com