At a media conference Wednesday, New Republic CEO Guy Vidra admitted that the magazine had a “long road ahead” to profitability.
According to Politico, Vidra said the mass staff exodus that followed editor Franklin Foer’s firing left the magazine in a bind for months.
He added that the fallout was partially due to a disconnect between staffers and management. The former was dedicated to the editorial vision of the NR, the latter to making sure the NR made money and therefore was around to have an editorial vision.
Vidra said that in hindsight, he “probably underestimated that level of sort of fear on what the opportunity would be. And fear of what embracing that opportunity, or trying to sort of maximize our ability to sort of prosper, meant for quality journalism.”
“Trying to sort of maximize our ability to sort of prosper” is quite a mouthful.