Vanity Projects of the World Unite

Like two drunks staggering home propping each other up, loss-making magazines the New Statesman and New Republic have agreed a transatlantic tie-up. New Republic is owned by Facebook co-founder Chris Hughes, worth an estimated $700 million, so he is only slightly richer than Staggers‘ owner Mike Danson, worth some £300 million. They are certainly appropriate bedfellows, New Republic is haemorrhaging $3 million a year or some $5 a copy, while the New Statesman loses a mere £1.35 a copy. They will each publish three of the other’s articles every week. Apparently it’s a new Special Relationship. Groan.

mdi-tag-outline Media Guido New Statesman
mdi-timer September 9th 2013 @ 3:32 pm mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-email mdi-printer
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