Chris Hughes, the fortunate Harvard roommate of Mr. Mark Zuckerberg, is the new owner, publisher, and editor-in-chief of The New Republic. The progressive Washington-based political magazine has been a media diet staple of well-read D.C. types for almost a century, but in the now clichéd tale of "old paper media meets new digital age" is has struggled to stay afloat in recent years. Former owner/editor Marty Peretz sold the magazine in 2007, only to buy it back two years later, but then began searching for another new benefactor last year. ...