I have some difficult news today: I have decided to put The New Republic up for sale. I bought this company nearly four years ago to ensure its survival and give it the financial runway to experiment with new business models in a time of immense change in media. After investing a great deal of time, energy, and over $20 million, I have come to the conclusion that it is time for new leadership and vision at The New Republic.
thenewgreen and I visited their D.C. offices before the staff shake-up in 2014. The very short visit left an impression on me. Hopefully they will find a better steward.