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By Jeremy Tordjman, Jan 12, 2016 Yahoo
But it didn't work.
The New Republic, a leading voice on the US political left wing since 1914, is up for sale again after Facebook co-founder Chris Hughes decided to throw in the towel less than four years after he bought the magazine.
Hughes, 32, invested more than $20 million in an effort to bring The New Republic into the digital era.
But on Monday, he acknowledged it was not working, saying, "I underestimated the difficulty of transitioning an old and traditional institution into a digital media company in today's quickly evolving climate."
Hughes, a Harvard roommate of Facebook co-founder Mark Zuckerberg and part of the original team at the social network, had faced friction with the editorial staff.
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