You might have heard: After buying The New Republic in 2012, Facebook co-founder Chris Hughes put it back up for sale in January, saying the magazine needs a new business model
But did you know: Six weeks after Chris Hughes announced he was putting The New Republic up for sale, the magazine has a new owner. Win McCormack, publisher of literary quarterly Tin House, has purchased the magazine. McCormack has named former publisher of the Nation and Washington Spectator Hamilton Fish as The New Republic’s publisher. In a statement, McCormack said: “The New Republic was founded in 1914 as the organ of a modernized liberalism and then-dominant Progressive Movement, and has remained true to its founding principles, under all its multiple owners, ever since. We intend to continue in that same tradition.”
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from American Press Institute http://ift.tt/1WS61uj
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