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Congressional Quarterly, Inc., or CQ, is part of a privately owned publishing company called CQ Roll Call that produces a number of publications reporting primarily on the United States Congress. CQ was acquired by the Economist Group and combined with ''Roll Call'' to form CQ Roll Call in 2009; CQ ceased to exist as a separate entity, and in July 2018, a deal was announced for the company to be acquired by FiscalNote. History CQ was founded in 1945 by Nelson Poynter and his wife, Henrietta Poynter, with the aim of providing a link between local newspapers and the complex politics within Washington, D.C. Thomas N. Schroth, who had been managing editor of ''The Brooklyn Eagle'', was elected in October 1955 as executive editor and vice president. Schroth built the publication's impartial coverage, with annual revenue growing during his tenure from $150,000 when he started to $1.8 million. In addition to adding a book division, Schroth added many staff members who achieved future j ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal ...
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