No Thread on the Meltdown of TNR

Ace · Jan 11, 2016

YankeeFan said: ↑

To the staff of The New Republic,

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.

Over the past few years we have made good progress in reinvigorating this institution. Our readership has grown younger and more diverse, largely as a result of our digital strategy. Our journalism has been widely recognized as impactful, impassioned, and more relevant to our nation’s challenges than ever. As a business, we have launched a brand marketing studio called Novel, built a flexible and fast mobile website, and developed our own content management system. We have made it possible for The New Republicto survive and begin to flourish in its second century.

Click to expand...

Translation: I threw $20 million into this. It ain't working. I'm bailing.

SnarkShark · Jan 11, 2016

You're making me miss Boom and Vers.

britwrit · Jan 11, 2016

"I am now marginally less obscenely wealthy than before."

YankeeFan · Mar 1, 2016

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No Thread on the Meltdown of TNR

Ace Well-Known Member

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No Thread on the Meltdown of TNR

Ace Well-Known Member

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britwrit Well-Known Member

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