• by Joe Mandese  @mp_joemandese, September 30, 2008

The Washington Post Company, publisher of The Washington Post, Newsweek, Slate, and other newspapers, magazines and Web sites, has acquired Foreign Policy magazine.

Terms were not disclosed, but Washington Post Co. Chairman-CEO Donald Graham said the publication would become "one more center of innovation" for the publishing company, which clearly is committed to print media.

Foreign Policy was founded as a quarterly journal in 1970 and relaunched as a glossy bimonthly magazine in 2000 by its current editor and publisher, Moises Naím, who will remain editor in chief.