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The New Republic's Rebellion

By Joe Nocera, New York Times - December 9, 2014

I asked Marty Peretz the other day whether his goal during the nearly four decades that he had owned The New Republic was ever to make a profit. “Absolutely not,” he bellowed. “I think we were profitable maybe three of four years.” One year, he said, the magazine’s staff threw a pizza party to celebrate being in the black — “and the party put us back in the red.” He was only half-joking.

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