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 TapperSteyer says 'grassroots organizing' in Nevada, South Carolina got him on debate stage Pentagon chief says he 'didn't see' intelligence suggesting Iran planned to attack four US embassies Ex-White House press, military officials call on Grisham to restart regular briefings 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.