(REUTERS) — Chris Hughes, one of the co-founders of Facebook and a former online strategist for Barack Obama during the 2008 presidential campaign, has purchased a majority stake in The New Republic, the magazine said on Friday.

Hughes, 28, will become publisher and editor-in-chief of the nearly 100-year old magazine which covers American politics.

  • Text smaller
  • Text bigger
Note: Read our discussion guidelines before commenting.