Ace quips the move to NY is so it can be closer to its bankruptcy lawyers.Two top editors at The New Republic are leaving as the liberal political magazine cuts its print publication schedule and plans to invest more in digital media.
Franklin Foer, the editor who oversaw the magazine from 2006 to 2010 and rejoined in 2012, is stepping down and will be replaced by Gabriel Snyder, who comes from Bloomberg Media and is a former editor of Gawker.
Leon Wieseltier, its literary editor who's worked at the magazine for more than 30 years, is also leaving.
The 100-year-old magazine also said it's moving its headquarters to New York from Washington, D.C.
Bought by Facebook co-founder Chris Hughes in March 2012, the magazine publishes 20 times a year but will cut its production schedule to 10 issues as part of "a recalibration of (its) resources" for digital products it plans to launch, wrote New Republic CEO Guy Vidra in a note to the staff.