Win McCormack, a longtime local publishing executive and Oregon's leading Democratic political donor, has purchased The New Republic magazine.

McCormack, editor and publisher of Portland's Tin House magazine and books, earlier published the Oregon Magazine and has published Oregon Business, Travel Oregon and other local publications.

Today, his son, Noah McCormack, announced via Twitter that McCormack had bought the 101-year-old New Republic. The venerable political magazine hit rocky times in the past couple years under the ownership of Chris Hughes, a Facebook co-founder.

Hughes wanted to move the magazine sometimes referred to as "the in-flight magazine of Air Force One" from its fusty print-dependent past into a web-based model. Many longtime writers and editors quit.

The Wall Street Journal reported McCormack's purchase earlier today.

Here's what Noah McCormack tweeted.

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"News personal and media: The New Republic is now in McCormack ownership, led by my father Win, longtime publisher and EIC of Tin House," Noah McCormack wrote on Twitter this morning.

He added that the magazine's new publisher would be Hamilton Fish—former publisher of The Nation, and brother of Portland City Commissioner Nick Fish.

"I will be moving to NY in April to work on the magazine at this exciting moment under the new publisher, @hamfish."