The media has largely portrayed this as Hughes carelessly destroying a renowned and vital institution. Hughes has certainly made some mistakes, but I wonder whether Foer and Wiesetlier were just letting the magazine gradually slide into irrelevance and inevitable death anyway. This is a magazine whose readership has dropped by half since 2000.
If Hughes doesn't want to subsidize a money-losing institution with a declining and aging readership, then isn't it his prerogative as an owner to shake things up? He may have gone about it the wrong way, but ultimately wouldn't the public be better off with a TNR that has an ability to support itself and thrive in the future?