There's a track record in publishing, where new money has an itch they want to scratch in old media. The last decade, this has happened in magazines and newspapers a few prominent times. Someone gets rich, they decide they want to be a publisher, and they follow their heart in regards to high quality journalism, and spout all sorts of great sounding bytes on how important x y z is.
The new money rarely realizes just how hard it is to stay afloat in the world of magazines and newspapers.
Then reality hits, and the crushing difficulty of running a magazine becomes apparent. Unfortunately, what's most likely to happen is Chris will take at least a moderate financial loss on the purchase. And he may very well not mind, that's understood.
Thus far, Mr. Hughes has given the world Facebook and a huge presidential media campaign. I have limited hope that he'll turn TNR into a quality product with that track record.
It would make him a magazine owner. One can tell a lot about a publisher by who they keep and who they let go when they take over a publication.
Lets get some NPR positioning here - reporting doesn't require equal commenting when the truth is stacked for one side.