"I didn’t buy the New Republic to be the conservator of a small print magazine whose long-term influence and survival were at risk." Except TNR existed for a c

"I didn’t buy the New Republic to be the conservator of a small print magazine whose long-term influence and survival were at risk." Except TNR existed for a century as a subsidized, money-losing magazine. Buying the magazine without understanding that may have been a mistake. (Source for that is Jonathan Chait's rebuttal to those that equate earning a profit with social utility: http://nymag.com/daily/intelligencer/2014/12/new-republic-and-the-imperfect-media-market.html http://nymag.com/daily/intelligencer/2014/12/new-republic-an... )