Chris Hughes, looking to spend some of the megabucks he's earned as co-founder of Facebook, has bought a majority share in The New Republic and installed himself as the new editor-in-chief. You can read his introductory letter here.
Count me in as a supporter. The New Republic still has, I think, quite a bit to give to the progressive political community. But the increasingly misanthropic rantings of Marty Peretz were holding it back. Hughes is not only a break from the old guard, he is obviously well tied-in to modern media platforms, making him more than just a rich dude playing publisher. He has a real chance to make TNR into an opinion leader again.