In March, Chris Hughes paid around $5 million for a majority share of The New Republic. On Sunday, The New York Times reported he plans to double the magazine’s staff. Last week, Warren Buffett purchased most of Media General’s newspaper holdings. Beaujon: “Both moves – which amplify the recent drumbeat of wealthy people taking ownership stakes in newspapers in Philadelphia and Maine -- are the sort of brash, conventional-wisdom agnostic actions wealthy people, especially wealthy men, like to make. But there are a couple of reasons not to look at them as vanity project.” Photo: Maine investor Donald Sussman, left, talks with Portland Press Herald reporter Tux Turkel at a Guild party in April. See story about Portland Guild's role in Sussman's investment.