While 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 Republi

While 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?