Negotiation of ‘The New Republic’ Purchase
Capital New York
March 9, 2012
The recent news that 28-year-old Facebook co-founder Chris Hughes has purchased a majority stake in The New Republic has been in the making throughout three months of negotiations. The future of the small but influential Beltway title had been a topic of speculation for some time. Hughes told the New York Times that he was motivated by “the future of high-quality long-form journalism,” and that he sought to lead The New Republic to become better integrated with tablet-reader formatting.