WASHINGTON DIARY: THE NEW WAVE

Press the pound sign if you think you're going to be the next editor of the New Republic. So many journalists have been interviewed for the job that if you're not on owner Marty Peretz's long list to replace Andrew Sullivan, who left three weeks ago, you may never eat lunch in this town again. Peretz says he's moving "methodically," which is understandable. No owner wants to rush that enchanted period that makes red-ink publishing more rewarding than real estate, when a publisher gets to dangle one of the great prizes in American letters before the hungry eyes of the country's...

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