For Sale: The New Republic
J.K. Trotter · 01/11/16 11:53AMNearly four years after acquiring The New Republic for an undisclosed sum, Facebook billionaire Chris Hughes is putting the liberal magazine (and alma mater of Andrew Sullivan, Jonathan Chait, Leon Wieseltier, and Marty Peretz, among others) on the market. According to a memo obtained by the Wall Street Journal, Hughes apparently got tired of trying to transform a century-old print periodical into a successful online publication, a hopeful project that wound up costing him “over $20 million”: