New 'Republic' Owners Look to Ramp Up Web, Halt Losses
The new owners of the money-losing New Republic are shaking things up as they attempt to step up the title’s Web efforts and erase its losses in the next year and a half.
Elizabeth Sheldon, who was installed as publisher by the former owner, CanWest Global Communications, is gone as of June 1. She was replaced with Mike Rancilio, who had been the executive director of digital media at the Washington, D.C.-based opinion journal.
CanWest became a majority owner in late 2006 and cut the magazine’s frequency to 24 from 44 times a year to save money.
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