Here is the real scoop on the WFB/NR news today, from an NR press release:
Publisher Edward A. Capano Named Chief Executive Officer
of National Review; Rich Lowry Remains Journal’s Editor
Board Overseeing Magazine to Be Headed by Thomas L. Rhodes
FOR IMMEDIATE RELEASE
(New York, June 29)–William F. Buckley Jr., Editor-at-large of National Review, will tonight relinquish ownership of the conservative opinion journal he founded 49 years ago. Edward A. Capano, National Review’s Publisher, has been named the magazine’s Chief Executive Officer.
Rich Lowry will remain National Review’s Editor, and the board overseeing the magazine will be headed by Thomas Rhodes, who currently serves as National Review’s President.
Mr. Capano has served in a variety of capacities at the magazine since 1960. Rich Lowry has been Editor since 1998; prior to which he served as the National Political Reporter. Mr. Rhodes has been the magazine’s president since 1998.
Mr. Buckley’s column will continue to be published in the magazine.
Mr. Buckley, 78, cited concerns about his own mortality as the primary reason for his divestiture. The transfer of ownership will take place tonight at a private dinner in New York City.
National Review is the nation’s largest and most influential journal of opinion. It currently maintains a paid circulation base of 155,000 subscribers, and a readership of over 310,000.
To arrange an interview with Edward Capano, Thomas Rhodes, or Rich Lowry to discuss the future of National Review, please contact National Review Associate Publisher Jack Fowler at 212-679-7330.