From the press release:

After seven years as editor-in-chief of Reason magazine, Nick Gillespie is shifting his focus to Reason’s Internet content. Gillespie will direct Reason.com and Reason.tv, which debuted in October featuring short documentaries hosted by The Price Is Right and Power of 10 host Drew Carey. Matt Welch, a former Reason editor and author of the new book McCain: The Myth of a Maverick, leaves his post as assistant editorial page editor at the Los Angeles Times to take over as editor-in-chief of Reason magazine.

I knew this was in the works for a while. Congrats to Matt Welch and good luck to Nick Gillespie in his new gig. This is good news for Matt and for Reason, but perhaps not for the Republic. Losing a libertarian at the LA Times is a big loss. We need as many non-liberals working in the mainstream media as possible. Also, speaking selfishly, it was nice to have an occasional editor at the Times who was on the same page philosophically with me on some issues.