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IAC Has Controlling Stake In Newsweek/DailyBeast

The Daily Beast

Barry Diller's IAC/InterActiveCorp. has taken a controlling stake in the Newsweek/Daily Beast joint venture, after the family of the late Sidney Harman decided to stop investing in the company.

 

The Daily Beast/Newsweek Profitable in 2-3 Years? Hmmm.

When Brown claimed in November that the Beast was not “money-losing” but “on course to make money,” I suggested that claim be regarded with skepticism. When she claimed last week that Newsweek remains one of the world’s seven most influential news brands, I pointed to data showing otherwise. And, once again, a few grains of salt are required here.

 

Tina Brown to Run Newsweek in Daily Beast Merger

Tina Brown to Run Newsweek in Daily Beast Merger

Tina Brown is back in the world of print. After a brief and interrupted dalliance, Newsweek, the 77-year-old magazine, and The Daily Beast, Ms. Brown’s two-year-old Web site, have decided to put their cultural differences aside and join forces.

Senh: This is a strange deal. I'm not sure if it's a win-win for both. It's more of a win for The Daily Beast. Newsweek is worth a lot more than The Daily Beast, but the merger would make both equal. The Daily Beast isn't gonna "power" Newsweek's growth because it only less than half of Newsweek's web audience. If anything, it'll be the other way around. Smells like the AOL/Time Warner deal during the internet's glory days, except in a smaller scale.

 

Daily Beast-Newsweek Merger Off: Website Drops Out Of Talks

After months of rumors, and amidst mounting speculation that a deal was imminent, The Daily Beast announced that it has withdrawn from talks with Newsweek about a merger between the two organizations. Had the deal gone through, Brown was widely expected to have become editor of the magazine.

 

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