Politico reports at least one suitor remains for Times Publishing's Congressional Quarterly
Michael Calderone, media writer for the politics Web site Politico, is reporting that at least one suitor remains for Congressional Quarterly, the Capitol Hill publication owned by the Times Publishing Co.
According to Calderone, rival publication Roll Call remains interested in CQ, with a possible "ballpark price" estimated at $100 million. The exploration of a sale of CQ was announced, as Times Publishing executives stressed a need to direct resources toward the company's properties in Florida, including the St. Petersburg Times.
Last year, the company sold the publishing house connected to CQ, CQ Press, to the independent academic publisher SAGE for an undisclosed amount. Calderone reports that CQ staffers have been told a sale is expected in the third quarter.