The New Republic a is journal of opinion and commentary, often on politics, culture, and the arts, edited in Washington, D.C. and later New York City, was founded in 1914. Its early political leanings were progressive, but its political stance has shifted over time and throughout a variety of owners and editors. Martin Peretz, who purchased the magazine in 1974, held the title of editor in chief from 1978 to 2011. By the end of the twentieth century, The New Republic was publishing a broader array of editorial opinion and commentary that reflected many political viewpoints, but that diffusion of opinion, shifting ownership, and halting efforts to pursue a robust digital strategy decreased its readership. It was purchased in 2012 by Chris Hughes, a cofounder of the social networking Web site Facebook. In 2016 Hughes sold the journal to Win McCormack, a political activist and publisher.