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Josh Marshall's take is worth reading: http://talkingpointsmemo.com/edblog/chainsaw-chris http://talkingpointsmemo.com/edblog/chainsaw-chris Sample: "As some
by mturmon 11y ago
Josh Marshall's take is worth reading:
http://talkingpointsmemo.com/edblog/chainsaw-chris http://talkingpointsmemo.com/edblog/chainsaw-chris
Sample:
"As someone who has had to run a media operation at at least break-even levels for many years, I don't buy the idea that The New Republic had to run at a loss forever. But a lot of this is a matter of executive/owner priorities. It's been owned and run by people who had the luxury of sustaining some annual loss. The key is that The New Republic, as anything like what it's been for a century, was never going to be a profit-making operation, certainly not a vertically integrated media cineplex or whatever they were trying to make it."
- jobu 11y agoWhile I get that sometimes journalism is more about a noble cause than profit, it seems like losing money is a source of pride for the people at The New Republic: “The New Republic has been a money-losing proposition for 100 years,” said Jacob Weisberg, who once worked for the magazine, and is now the chairman of the Slate Group. “The idea that anyone is going to turn it into a business now, when it has never been harder, is implausible.” Also this: Mr. Chait [a contributing editor] said that, to him, The New Republic was fundamentally not a business proposition. “A business is something that is trying to make money,” he said. Did Chris Hughes do his homework to understand the culture before he bought it?