New Republic owner Marty Peretz, who has been much-profiled of late, has admitted he really hasn’t been editing the magazine for years now. (He lives in Israel, for one thing.) And now he’ll officially pass his editor-in-chief title on to Richard Just, who has been serving as editor since Franklin Foer left last month. “I have been with The New Republic going on 37 years, almost all of them with the title of editor-in-chief,” Peretz wrote in a farewell note, according to Keith Kelly. “The truth is that I hardly ever actually edited an article for the magazine. But, frankly, it was my vision and the vision of my compatriots of what was needed for a serious journal of opinion in American society that defined what TNR has become since 1974.” Peretz will continue to write a column for the website, which means his departure as titular E-i-C may not actually be a relief for anybody at the magazine.