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	<title>Betabeat &#187; Facebook Co-Founder Chris Hughes: Media Mogul?</title>
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		<title>Betabeat &#187; Facebook Co-Founder Chris Hughes: Media Mogul?</title>
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		<title>Facebook Co-Founder Chris Hughes: Media Mogul?</title>

		<comments>http://betabeat.com/2012/01/facebook-co-founder-chris-hughes-media-mogul/#comments</comments>
		<pubDate>Fri, 13 Jan 2012 08:52:20 -0400</pubDate>
					<link>http://betabeat.com/2012/01/facebook-co-founder-chris-hughes-media-mogul/</link>
			<dc:creator>Adrianne Jeffries</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=26566</guid>
		<description><![CDATA[<p><div id="attachment_26572" class="wp-caption alignleft" style="width: 230px"><img class="size-full wp-image-26572" title="220px-Chris_Hughes" src="http://nyobetabeat.files.wordpress.com/2012/01/220px-chris_hughes.jpg" alt="" width="220" height="295" /><p class="wp-caption-text">Mr. Hughes. (wikipedia.org)</p></div></p>
<p>Another member of the Facebook mafia struggles to find an equally fulfilling pursuit. Chris Hughes, one of Mark Zuckerberg's college roommates, a co-founder of Facebook and its first head of publicity (in the movie, he's one of the guys on the couch), went from startup founder to politics all star; working on Barack Obama's digital campaign and then launching Jumo, a socially-minded startup that <a href="http://www.betabeat.com/2011/08/17/0-acquisition-of-jumo-gets-chris-hughes-a-graceful-exit-great-pr-for-good/">shut down in August</a>. Now the 28-year-old millionaire (reportedly $700 million) is moving into the media scene. <!--more--></p>
<p>The Soho resident <a href="http://www.betabeat.com/2011/10/25/the-knight-foundation-taps-jumos-chris-hughes-to-go-after-media-like-a-venture-capitalist/">joined the Knight Foundation's board</a> in October and is <a href="http://allthingsd.com/20111214/facebook-moveon-vets-working-on-mystery-media-start-up-for-lefties/">backing a "viral media startup"</a> with the former executive director of MoveOn.org for those with progressive politics (Reddit?).</p>
<p>Now, <a href="http://www.huffingtonpost.com/2012/01/12/facebook-chris-hughes-new-republic-sale_n_1202853.html">reports the Huffington Post</a>, he's considering buying the lefty news magazine <em>The New Republic</em>, which has experienced the usual falling circulation and dwindling profits, and has reportedly been <a href="http://dealbook.nytimes.com/2012/01/10/owners-of-the-new-republic-seek-a-sale-or-new-investors/">exploring a sale</a>. HuffPo's media reporter, Michael Calderone, also reported that several prospective buyers had already passed; although TNR's owner <a href="http://www.washingtonpost.com/lifestyle/style/the-new-republic-looking-for-new-owner-amid-falling-circulation/2012/01/11/gIQAsXmnrP_story.html">denies it all</a>.</p>
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		<content:encoded><![CDATA[<p><div id="attachment_26572" class="wp-caption alignleft" style="width: 230px"><img class="size-full wp-image-26572" title="220px-Chris_Hughes" src="http://nyobetabeat.files.wordpress.com/2012/01/220px-chris_hughes.jpg" alt="" width="220" height="295" /><p class="wp-caption-text">Mr. Hughes. (wikipedia.org)</p></div></p>
<p>Another member of the Facebook mafia struggles to find an equally fulfilling pursuit. Chris Hughes, one of Mark Zuckerberg's college roommates, a co-founder of Facebook and its first head of publicity (in the movie, he's one of the guys on the couch), went from startup founder to politics all star; working on Barack Obama's digital campaign and then launching Jumo, a socially-minded startup that <a href="http://www.betabeat.com/2011/08/17/0-acquisition-of-jumo-gets-chris-hughes-a-graceful-exit-great-pr-for-good/">shut down in August</a>. Now the 28-year-old millionaire (reportedly $700 million) is moving into the media scene. <!--more--></p>
<p>The Soho resident <a href="http://www.betabeat.com/2011/10/25/the-knight-foundation-taps-jumos-chris-hughes-to-go-after-media-like-a-venture-capitalist/">joined the Knight Foundation's board</a> in October and is <a href="http://allthingsd.com/20111214/facebook-moveon-vets-working-on-mystery-media-start-up-for-lefties/">backing a "viral media startup"</a> with the former executive director of MoveOn.org for those with progressive politics (Reddit?).</p>
<p>Now, <a href="http://www.huffingtonpost.com/2012/01/12/facebook-chris-hughes-new-republic-sale_n_1202853.html">reports the Huffington Post</a>, he's considering buying the lefty news magazine <em>The New Republic</em>, which has experienced the usual falling circulation and dwindling profits, and has reportedly been <a href="http://dealbook.nytimes.com/2012/01/10/owners-of-the-new-republic-seek-a-sale-or-new-investors/">exploring a sale</a>. HuffPo's media reporter, Michael Calderone, also reported that several prospective buyers had already passed; although TNR's owner <a href="http://www.washingtonpost.com/lifestyle/style/the-new-republic-looking-for-new-owner-amid-falling-circulation/2012/01/11/gIQAsXmnrP_story.html">denies it all</a>.</p>
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