Facebook co-founder Chris Hughes talks taking over The New Republic

Facebook co-founder Chris Hughes joked about the gossip over his motive for buying politics and culture magazine The New Republic last year. At a party to toast the mag’s relaunch at his SoHo loft Monday, Hughes, 29, said, “They would say, ‘He could do anything in the world, why would he take on such a hard project?’ ” He explained that he believed in “great writing to shape how we view the world,” and the “belief that we can build a future for smart, substantive journalism in an age when technology challenges the paradigm that’s existed for a very long time.” The bash drew Christine Quinn, Deputy Mayor Howard Wolfson, David Remnick, Arianna Huffington, BuzzFeed’s Ben Smith, Barry Diller and Fareed Zakaria.

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