WASHINGTON--(BUSINESS WIRE)--Jan. 20, 2012--
The Washington Post Company today announced that Foreign Policy Magazine
will become the centerpiece of an operating unit called The FP Group.
The FP Group will incorporate the award-winning magazine, its highly
successful web venture, ForeignPolicy.com,
and planned new businesses in the areas of live events, education, books
and research services.
The unit will be headed by David Rothkopf, a long-time contributor to
Foreign Policy, author, business executive and former senior government
official, who has been named chief executive officer and editor-at-large
of the enterprise. Susan Glasser will remain editor-in-chief.
“Foreign Policy has established itself over four decades as one of the
world’s leading voices on international affairs. In the last year, ForeignPolicy.com
has attracted over 165 million page views and 20 million unique visitors
to its site,” said Washington Post Company chief executive officer
Donald E. Graham. “Now, with this move, we are positioning it to go to
the next level in its development, creating new content, forums,
products and opportunities for its readers and its advertisers
worldwide. In doing so, we are building on the successes achieved by our
talented FP editor-in-chief Susan Glasser and the first-rate team she
has built.”
Added Rothkopf: “The recent growth and development of Foreign Policy
have been spectacular, driven both by exceptional editorial product and
by the ever-growing demand from business, government and opinion
leaders, academics, students and intellectually aware audiences
internationally to better understand the forces shaping the world today.
Still, much more can be done to bring those people together, to address
core interests, the great stories of our time and drivers of global
affairs, such as defense, energy, information technologies, finance and
healthcare. The mission of the FP Group will be to develop new ventures
in all those areas that build on the commitment to quality and insight
that has set Foreign Policy apart.”
Forty years ago, Foreign Policy was established amid the tensions of
Vietnam as a quarterly journal, its mission to challenge conventional
wisdom about global affairs in a way that would be, as founder Samuel
Huntington put it, “serious but not scholarly, lively but not glib.”
Three years ago, the magazine was acquired from the Carnegie Endowment
for International Peace by The Washington Post Company, which embarked
on an ambitious re-launch of FP as both a seven-time-a-year glossy print
publication as well as a daily online magazine, recently recognized by
the American Society of Magazine Editors as a finalist for Magazine of
the Year. In that time, FP has turned into a major destination for
readers interested in global economics, politics and ideas. Under
Glasser, the publication now hosts more than a dozen regular blogs,
including two that have been recognized with National Magazine Awards,
as well as aggressive, news-breaking coverage of the making of foreign
policy and opinion-leading commentary.
“These developments are a natural and welcome next step for us,” said
Glasser. “David Rothkopf is already a valued colleague and friend, a
thoughtful commentator and a successful entrepreneur, and I very much
look forward to working with him to build our business, our brand and
our audiences in new and creative ways.”
As editor-at-large, Rothkopf will contribute a weekly column to the
website and a regular column to the magazine.
Rothkopf also serves as chief executive of Garten Rothkopf, the
international advisory firm he founded with former U.S. Under Secretary
of Commerce and Dean of the Yale School of Management Jeffrey E. Garten.
He will continue in that capacity and, Graham also announced, The FP
Group and Garten Rothkopf have agreed to enter into a strategic alliance
to develop live events and high value-added educational and
research-services products to serve business, investor and government
leaders around the world.
Rothkopf, 56, is author of Running the World, called by The New
York Times “the definitive history of the National Security Council,”
and Superclass, cited by The Economist as “a pioneering study” of
the world’s power elite. His next book, Power, Inc.: The Epic Rivalry
Between Big Business and Government—and the Reckoning that Lies Ahead,
is due out from Farrar, Straus & Giroux next month. He is a well-known
commentator and writer, having contributed to scores of leading
publications and broadcast outlets worldwide. He is also a visiting
scholar at the Carnegie Endowment for International Peace.
Previously, Rothkopf served as CEO of Intellibridge Corporation and
prior to that as managing director of Kissinger Associates, the
consultancy founded by former U.S. Secretary of State Henry Kissinger.
Immediately prior to joining Kissinger Associates, he served as Acting
U.S. Under Secretary of Commerce for International Trade, having joined
the Clinton Administration as Deputy Under Secretary for International
Trade Policy. Before entering government, he was the co-founder, CEO and
editor-in-chief of International Media Partners, Inc., publishers of
Emerging Markets newspapers and CEO Magazine. He started his work in
media as an award-winning television producer and later was a senior
executive at Financial World Magazine and subsequently at Institutional
Investor Magazine.
Source: The Washington Post Company
The Washington Post Company
Rima Calderon, 202-334-6617
calderonr@washpost.com
