The New Republic Tears Down Paywall

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Chris Hughes, co-founder of Facebook Inc., speaks during a news conference at the 11th World Knowledge Forum in Seoul, South Korea, on Thursday, Oct. 14, 2010. Photo: SeongJoon Cho/Bloomberg via Getty Images

Moving opposite some of the country's largest newspapers, the 98-year-old New Republic announced today that all recent online content will be free on its website. It's the first major move under 28-year-old Chris Hughes, who bought the magazine this month and installed himself as both publisher and editor-in-chief. Previously, Hughes co-founded Facebook and organized online for the Obama campaign, so he seems to have a few big ideas about the Internet.