Portlander Win McCormack, editor and publisher of Tin House, has bought The New Republic.
The century-old political magazine had been put up for sale in January, following several tumultuous years under owner and Facebook co-founder Chris Hughes. Hughes’ attempt to recreate the progressive publication as a “vertically integrated digital-media company” led to the departure of more than two dozen staffers and contributors.
Before helping to launch Tin House in 1998, McCormack was publisher of Oregon Magazine. He’s also a major Democratic donor, and has hosted national political candidates at his Dunthorpe home (Hillary Clinton swung through in August for a $2,700-per-plate fundraiser). McCormack’s son Noah, who'll leave his post as publisher of The Baffler to work at TNR, tweeted the news this morning:
News personal and media: The New Republic is now in McCormack ownership, led by my father Win, longtime publisher and EIC of Tin House.— Noah McCormack (@noahmccormack) February 26, 2016
According to the Wall Street Journal, which first reported the sale, the price was not disclosed.
McCormack has also named Hamilton Fish—former publisher of The Nation and The Washington Spectator, and brother of Portland City Commissioner Nick Fish—to take over from Hughes as publisher.