marty peretz

Martin H. "Marty" Peretz (/pəˈrɛts/; born December 6, 1938) is an American publisher. Formerly an assistant professor at Harvard University, he purchased The New Republic in 1974 and took editorial control soon afterwards. He retained majority ownership until 2002, when he sold a two-thirds stake in the magazine to two financiers.Peretz sold the remainder of his ownership rights in 2007 to CanWest Global Communications, though he retained his position as editor-in-chief.In March 2009, Peretz repurchased the magazine with a group of investors led by ex-Lazard executive Laurence Grafstein.In late-2010, Peretz gave up his title of editor-in-chief at The New Republic, becoming instead editor emeritus, and also terminated his blog The Spine. On March 9, 2012 Chris Hughes, co-founder of Facebook, announced that he would become the majority owner of TNR and immediately act as the Editor-in-Chief.