Facebook Co-Founder Chris Hughes Buys The New Republic

Facebook co-founder Chris Hughes buys The New Republic, will focus on distributing it through tablet computers.
The 28-year-old Hughes, who has earlier expressed his interest in the nearly century-old journal, has bought a majority stake and is now the publisher, editor-in-chief and new owner of the said magazine.
On Friday, new owner Hughes wrote a letter to the TNR reader which was published on the magazine’s website.
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