Muckety
 
 
 
 
 

Facebook co-founder buys majority stake in New Republic

By Laurie Bennett

March 9, 2012 at 6:23am

Facebook co-founder Chris Hughes has taken another unpredictable step on a unique career path.

Hughes, 28, has purchased a majority stake in the 98-year-old, money-losing magazine The New Republic, assuming the titles of publisher and editor-in-chief.

Not surprising are his plans for advancing the publication’s digital presence. In a letter to readers, Hughes wrote, “In the next era of The New Republic, we will aggressively adapt to the newest information technologies without sacrificing our commitment to serious journalism.”

Chris Hughes
Chris Hughes

Hughes told The New York Times that he would revamp existing iPad and mobile applications “so they’re clearly an investment for the enterprise.”

He promised in his letter to continue the magazine’s long tradition of progressive values, but said the magazine “will above all aim to appeal to independent thinkers on the left and the right who search for fresh ideas and a deeper understanding of the challenges our world faces.”

Hughes’s future was changed forever at Harvard, where he was a roommate of Mark Zuckerberg. After helping to launch Facebook, he joined the Barack Obama presidential campaign, where he coordinated online organizing.

He has also been an entrepreneur-in-residence with the venture firm General Catalyst Partners and an adviser to communications firm GMMB, which also worked with the Obama campaign.

In 2010, he launched Jumo, a social networking site that links people with nonprofit groups. He announced last year that Jumo was merging with another organization, GOOD.

Follow Muckety on Twitter Tweet This! Share on Facebook

Click here to sign up for the Muckety Newsletter

 Read related stories: Media · Recent Stories  

0 Comments

  • There are no comments yet, be the first by filling in the form below.

Leave a Comment

The relationship map to the left is interactive.
• Solid lines are current relations. Dotted lines are former relations.
• Expand items with + signs by double-clicking or by selecting multiple items in the map and pressing the "e" key.
• Move an item in the map by clicking and dragging.
• You can also delete items, separate boxes and save maps. Right-click on the map or select Map Tools for these options.
• Find out more about an item in the map by right-clicking on the item and choosing Information about...
• View map color key.
• This interactive map requires Flash player.


Become a fan of Muckety on Facebook

  • Search for stories
      
    Special Features

Follow Muckety on Twitter Follow Muckety on Twitter
Muckety has no direct connection to most of the people or organizations listed on these pages.
We are unable to forward personal messages or provide personal contact information.
We make every effort at Muckety to ensure that our data is correct and timely. However, relationships are in constant flux and we cannot guarantee accuracy. If you come across incorrect or outdated information, please let us know by email.
© 2017 Muckety LLC