New Republic Folds Its Cards

It took fourteen pages--13 of those geared towards Franklin' Foer's attempt to keep his job--but here's the punchline:

When I last spoke with Beauchamp in early November, he continued to stand by his stories. Unfortunately, the standards of this magazine require more than that. And, in light of the evidence available to us, after months of intensive re-reporting, we cannot be confident that the events in his pieces occurred in exactly the manner that he described them. Without that essential confidence, we cannot stand by these stories.

Stay tuned. I'll have much more later, including why Franklin Foer said nothing to justify keeping his job.

Update 20:18. As promised, here's the full context.