The New Republic has appointed Guy Vidra as Chief Executive Officer effective October 13th, 2014. The appointment of Vidra, who was most recently general manager of Yahoo News, the “world’s largest news website,” and former head of business develiopment at The Washington Post — signals a “new focus and commitment to digital platforms for The New Republic.
“The New Republic is a storied brand with a intensely loyal audience. I am eager to develop new products, push into new categories, and experiment with new approaches that will enhance and broaden our reach and deepen our relationship with readers. I firmly believe we have tremendous growth ahead and am excited to get started.”
Chris Hughes, The New Republic owner:
“I can’t think of a better way to celebrate our centennial than by bringing in a new entrepreneurial, future-focused leader like Guy Vidra. One thing I’ve learned over the past two years is that to preserve and strengthen great institutions, you have to change them. Guy is a highly respected innovator with deep experience who will build on our recent progress in redefining The New Republic for a new time.”
Hughes will remain Publisher and become Executive Chairman, but will no longer serve as Editor-in-Chief.
Along with Vidra’s appointment, the company announced the establishment of a separate investment vehicle, The New Republic Fund, created to back early-stage technology companies predominantly in the digital media, analytics and video spaces.
“There is rapid innovation in and around the digital media space. Investing in companies that we partners and work with will accelerate our growth.”
The fund will invest in related companies to “encourage innovation in the digital media sector and to build business relationships between them and The New Republic.
Previously, Vidra was instrumental in high profile initiatives during his tenure as Yahoo News’ General Manager, namely helping hire Katie Couric, launching Yahoo’s Tech Magazine with David Pogue, and developing Yahoo News Digest, the company’s highly-rated mobile app.
Prior to his time at Yahoo News, Vidra was head of business development at Perfect Market, an Idealab-incubated company that helped serve audiences and monetization for publishers such as The New York Times, Tribune Company websites and The Times of India. Vidra also headed up both business development and mobile at The Washington Post as well as serving as president of 2ergo Americas, a provider of mobile marketing products and services. Before 2ergo, Vidra was Senior Vice President of Business Development at Oddcast, an online marketing and technology company specializing in user personalization.
Vidra received his Master of Arts from the Fletcher School of Law & Diplomacy at Tufts University. He graduated from the University of Michigan and lives in New York City.
Source: The New Republic