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Marty Peretz
Martin H. Peretz (/pəˈrɛts/; born December 6, 1938) is an American former magazine publisher and Harvard University assistant professor. In 1974, he purchased The New Republic, and he later assumed editorial control of the magazine. In 1996, Peretz founded the financial news website TheStreet.com with CNBC host and hedge fund manager Jim Cramer.
Peretz grew up in New York City. Both of his parents were Zionists, but not religious Jews. He is a descendant of the Polish-Yiddish writer I. L. Peretz.
Peretz graduated from the Bronx High School of Science at age 15. He received his Bachelor of Arts from Brandeis University in 1959, and a Master of Arts and PhD from Harvard University in Government.
After graduating from Harvard, Peretz was hired as a lecturer in the Committee on Degrees in Social Studies at the university.
In 1974, Peretz purchased The New Republic from Gilbert A. Harrison for $380,000, which his wife supplied.
After purchasing the magazine, Peretz allowed Harrison, its editor, to continue editing it. Peretz pledged to let him continue running the magazine for at least three years. By 1975, Peretz was agitated by having his own articles rejected for publication, pointing out that he had been pouring more and more money into the magazine to cover its losses, and he fired Harrison. Much of the rest of the staff, including such prominent writers as Walter Pincus, Stanley Karnow, and Doris Grumbach, were fired or quit. They were replaced mainly by recent Harvard graduates lacking journalistic experience. Peretz then named himself the magazine's new editor, serving in that post until 1979.
In the 1980 presidential election, the magazine endorsed the liberal Republican John B. Anderson, running as an independent, rather than the Democratic incumbent, Jimmy Carter. Over time, Peretz purged the magazine of other progressive editors and writers as the magazine underwent a dramatic ideological transformation. As other editors were appointed, Peretz remained editor-in-chief until 2012.
During Peretz's stewardship of The New Republic, the magazine generally maintained liberal and neoliberal positions on economic and social issues while assuming correspondingly pro-Israel and neoconservative hawkish stances on foreign affairs.
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Marty Peretz
Martin H. Peretz (/pəˈrɛts/; born December 6, 1938) is an American former magazine publisher and Harvard University assistant professor. In 1974, he purchased The New Republic, and he later assumed editorial control of the magazine. In 1996, Peretz founded the financial news website TheStreet.com with CNBC host and hedge fund manager Jim Cramer.
Peretz grew up in New York City. Both of his parents were Zionists, but not religious Jews. He is a descendant of the Polish-Yiddish writer I. L. Peretz.
Peretz graduated from the Bronx High School of Science at age 15. He received his Bachelor of Arts from Brandeis University in 1959, and a Master of Arts and PhD from Harvard University in Government.
After graduating from Harvard, Peretz was hired as a lecturer in the Committee on Degrees in Social Studies at the university.
In 1974, Peretz purchased The New Republic from Gilbert A. Harrison for $380,000, which his wife supplied.
After purchasing the magazine, Peretz allowed Harrison, its editor, to continue editing it. Peretz pledged to let him continue running the magazine for at least three years. By 1975, Peretz was agitated by having his own articles rejected for publication, pointing out that he had been pouring more and more money into the magazine to cover its losses, and he fired Harrison. Much of the rest of the staff, including such prominent writers as Walter Pincus, Stanley Karnow, and Doris Grumbach, were fired or quit. They were replaced mainly by recent Harvard graduates lacking journalistic experience. Peretz then named himself the magazine's new editor, serving in that post until 1979.
In the 1980 presidential election, the magazine endorsed the liberal Republican John B. Anderson, running as an independent, rather than the Democratic incumbent, Jimmy Carter. Over time, Peretz purged the magazine of other progressive editors and writers as the magazine underwent a dramatic ideological transformation. As other editors were appointed, Peretz remained editor-in-chief until 2012.
During Peretz's stewardship of The New Republic, the magazine generally maintained liberal and neoliberal positions on economic and social issues while assuming correspondingly pro-Israel and neoconservative hawkish stances on foreign affairs.