New owner for California Journal

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The Sacramento Bee reports that the 34-year-old magazine of state politics and issues has been transferred (in a no-money deal) to the new California Journal Foundation for Research and Education in State Government. It had been owned by State Net. The foundation has received grants of $150,000 each from the James Irvine Foundation and the William and Flora Hewlett Foundation to support the magazine. Circulation is about 7,500 copies a month, down from 21,000 in the 1980s.

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