It has not been an especially easy summer for Franklin Foer, editor of The New Republic (TNR), a magazine that once so thoroughly enjoyed the readership of powerful people that folks took to calling the high-minded publication "the official in-flight magazine of Air Force One."

Sadly, those days might be gone.

Some might remember the fiasco of Stephen Glass, a talented fabulist who in the late 1990s managed to pass as a respectable journalist at TNR for far too long. It was ...