What goes around comes around. And with that, Marty Peretz, the former owner of the New Republic magazine, is taking the publication back under his watch along with a group of investors, including former Lazard executive Laurence Grafstein. "Something is happening today that I am very happy about," Peretz told Politico. "There is a group of us that are acquiring the New Republic from CanWest." CanWest purchased the liberal-leaning magazine in early 2007. Until then, Peretz had a stake in the publication dating back to 1974. Like before, Peretz will be editor-in-chief and Frank Foer will remain as editor.