Sage buys CQ Press
The big news out of the reference world over the weekend was the announcement that Sage Publications had bought CQ Press. (Here’s the press release.) The owner of Congressional Quarterly had put CQ Press (its book-publishing division) up for sale earlier this year so that it could focus on its core Congressional Quarterly division. With so much private equity money drying up, I figured that another publisher would buy the press. Apparently, Sage will retain the CQ Press imprint and keep the staff in place in Washington, DC.