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Facebook co-founder Chris Hughes buys New Republic magazine

Facebook co-founder Chris Hughes has acquired a majority stake in the New Republic and will become editor-in-chief.

The Washington Post reports:

Chris Hughes, a co-founder of Facebook and organizer of Barack Obama’s 2008 presidential campaign, has purchased a majority stake in the New Republic magazine and will become the venerable journal’s editor in chief and publisher.

The Washington-based magazine, a leading exponent of liberal thought since its founding in 1914, introduced Hughes as its new owner with a self-written column today.

“In the next era of The New Republic, we will aggressively adapt to the newest information technologies without sacrificing our commitment to serious journalism,” wrote Hughes, 28. “We will look to tell the most important stories in politics and the arts and provide the type of rigorous analysis that The New Republic has been known for.”

The magazine offered no detail on the terms of the purchase. The news of Hughes’s new role is disclosed only at the bottom of Hughes’s column, in which he is identified as “publisher & editor in chief, the New Republic.”

Read the full article via THE WASHINGTON POST

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