New Republic is a popular magazine that established in 1914. It was acquired by Facebook co-founder Chris Hughes in 2012. It met his Waterloo in the print market after investing $20 million. He decided to transfer this magazine to external corporation.

New Republic was named as the cabin magazine for Air Force One which is exclusively served for United States presidents. This magazine is well-respected. Hughes claimed he could activate the business by using iPad version. However, this plan had never realized. It is reported that Hughes is looking for new buyer for this magazine.

Hughes posted an open letter to his New Republic employees on a blog platform, claiming that it is time for New Republic to obtain new management group and development plan as he invested $20 million and much of time and energy.

The strategies that Hughes made for New Public had caused controversies in the public. Two of editors left New Republic in 2014, then more editors and writers left during the brain drain. Its CEO Guy Vidra claimed they would transform New Republic from an old and traditional print media to an integrated digital media company.

It is reported that New Republic was deducted from 20 issues to 20 issues. It moved its headquarter from Washington to New York city.

The print newspaper and magazines face the great impact from mobile internet and smartphone. Many of the newspaper and magazine companies were shut down in 2015. Some print medium have to transform to internet medium.