Image from a quicklink (Image by Unknown Owner) Details DMCA | Facebook co-founder Chris Hughes is purchasing the New Republic, the nearly century-old political magazine known for its influence in progressive circles, according to The New York Times.
Hughes' acquisition comes as no big surprise. The media entrepreneur, who also directed online organizing for President Obama's 2008 election campaign, first signaled his interest in The New Republic in January. The magazine's ownership, which includes editor-in-chief emeritus Marty Peretz, had earlier brought in the Blackstone Group to assist in finding a buyer. |