CQ Roll Call to be sold to tech startup FiscalNote

CQ Roll Call to be sold to tech startup FiscalNote
© Greg Nash

Technology startup FiscalNote is acquiring CQ Roll Call from The Economist Group, the tech firm announced Wednesday.

The Economist Group will maintain an 18 percent stake in the tech company, and its CEO Chris Stibbs will join FiscalNote’s board of directors.

“By acquiring CQ Roll Call, FiscalNote will be positioned to provide best-in-class solutions in the issues management space,” FiscalNote CEO Tim Hwang said in a release.

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“We are excited to provide our clients with greater access to enhanced products that will inform their decision making and maximize their influence on government as they tackle the challenging issues impacting their business.”

The D.C.-based newspaper, known for its extensive coverage of legislative affairs, offers subscriber-exclusive articles and content. FiscalNote, founded in 2013, provides software used by some congressional offices and lobbyists that aggregates government filings and legislation.

The acquisition will be finalized and completed later this year, according to the release.

“FiscalNote’s technology-driven approach to products and services is the perfect complement to CQ Roll Call’s editorial excellence and advocacy services,” Stibbs said in a statement. “I look forward to joining FiscalNote’s board of directors to support it on the next phase of its remarkable journey."

Roll Call, which was founded in 1955, has seen some of its former writers gain national prominence over the years, including CNN's Jake TapperJacob (Jake) Paul TapperSanders, Yang to miss CNN's town hall on LGBTQ issues Omar asks Twitter what it's doing in response to Trump spreading 'lies that put my life at risk' O'Rourke responds to Buttigieg's gun criticism: 'That calculation and fear is what got us here in the first place' MORE and Chris Cillizza, Fox News's Ed Henry, CBS's Norah O'Donnell, NBC's Steve Kornacki and Jim VandeHei, who co-founded Politico and later Axios.

Joe Concha contributed to this report, which was updated at 1:10 p.m.