Facebook co-founder Chris Hughes buys The New Republic

Chris Hughes

Chris Hughes, 28, says his focus will be on distributing The New Republic’s long-form journalism through the iPad and other tablets. A former Mark Zuckerberg roommate, Hughes says that “profit per se is not my motive” in buying the magazine. “The reason I’m getting involved here is that I believe in the type of vigorous contextual journalism that we – we in general as a society – need.” The New Republic has been owned by a consortium led by media banker Laurence Grafstein.

* New Republic gets an owner steeped in New Media
* Read Hughes’ letter to The New Republic readers
* Hughes talked to NPR’s “Morning Edition” about his new property