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IAC Has Controlling Stake In Newsweek/DailyBeast

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.

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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After months of rumors, and amidst mounting speculation that a deal was imminent, The Daily Beast announced that it has withdrawn from talks with Newsweek about a merger between the two organizations.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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