Jack Shafer

Unsolicited advice for New Republic owner Chris Hughes

By Jack Shafer
January 29, 2013

For more than a century, rich guys who think they’re smarter than the rich guys who came before them have been buying money-losing publications under the impression that by spending more money than their deep-pocketed predecessors, they’ll turn the red ink black. This tradition, whose ranks include such modern vanity moguls as Mortimer Zuckerman (Atlantic, U.S. News & World Report), Sidney Harman (Newsweek), Arthur L. Carter (Nation, New York Observer), Philip Anschutz (San Francisco Examiner, Weekly Standard), David Bradley (Atlantic, National Journal), Michael Bloomberg (Bloomberg Businessweek), Richard Mellon Scaife (Pittsburgh Tribune-Review), and Martin Peretz (New Republic), gained a new adherent about a year ago when Chris Hughes, a Facebook co-founder whose net worth currently bounces around in the vicinity of the half-billion mark, purchased the New Republic.

Are you reading the best magazine in America?

By Jack Shafer
December 14, 2011

My original commitment to Bloomberg BusinessWeek was so small it was almost negative.