It looks like we can cut the question mark at the end of “Chris Hughes: Media Mogul?” The New York Times Media Decoder blog reports that the rumors were true, Mr. Hughes will indeed head up the 98-year-old neoliberal magazine, which has struggled with diminishing profits and dwindling circulation.
Although the terms of the deal were not revealed, Mr. Hughes will become the magazine’s editor-in-chief and publisher. And they’ve wasted no time updating the publication’s Wikipedia page. After spearheading President Obama’s digital campaign in 2008, Mr. Hughes went on to found Jumo, a social network for nonprofits and activists which was “acquired” by GOOD for $0.
What’s the former Facebooker’s plan to rescue old media? According to Media Decoder, Mr. Hughes will focus on “distributing the magazine’s long-form journalism through tablet computers like the iPad.” Read More