A New Sugar Daddy for 'The New Republic'
Chris Hughes says he's committed to magazine's legacy
The New Republic is about to get a new owner, The New York Times reported, and it’s the best kind the influential but unprofitable title could hope for: a well-connected proprieter with a deep interest in supporting long-form journalism—and plenty of money to do so. Chris Hughes is a 28-year-old who was one of the people who founded Facebook. He went on to make a fortune in the tech world and is reportedly worth $700 million.
Hughes, who also worked on Obama’s presidential campaign, told the Times he would expand the reporting and analysis the magazine produces and help remake it for the digital age by extending its distribution to tablets like the iPad.
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