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.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in