Tina Brown Out At Daily Beast: Report

By | Wednesday September 11, 2013 @ 12:06pm PDT

Looks like founding editor Tina Brown‘s time at the Barry Diller-owned The Daily Beast is finished. Diller’s IAC will not be renewing the former New Yorker and Vanity Fair editor’s contract in January, say news reports today. … Read More »

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UPDATE: Howie Kurtz Keeps CNN Job; Will Address Being Dropped From Daily Beast This Weekend

By | Friday May 3, 2013 @ 9:25am PDT

UPDATE 9:25 AM: He’s out at the Daily Beast but CNN has decided not to cut Howard Kurtz loose for his sloppy reporting about NBA player Jason Collins’ coming out. “There has been no status Read More »

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Newsweek To End Print Edition

By | Thursday October 18, 2012 @ 5:30am PDT

Tina Brown, who edits Newsweek and The Daily Beast, announced this morning that the nearly 80-year-old weekly newsmagazine will go all-digital. The December 31 edition will be the last one in print. Its online successor, to be called Newsweek Global, will offer a single, subscription-based international edition designed for e-readers, tablets and the Web and targeted to opinion leaders. Even so, Brown and Newsweek Daily Beast CEO Baba Shetty say that they “anticipate staff reductions and the streamlining of our editorial and business operations both here in the U.S. and internationally.” The execs say that they are “transitioning Newsweek, not saying goodbye to it,” adding that they “remain committed to Newsweek and to the journalism that it represents. This decision is not about the quality of the brand or the journalism—that is as powerful as ever. It is about the challenging economics of print publishing and distribution.” Read More »

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IAC Investment In Newsweek/Daily Beast Will Be “Considerably Less” Next Year

By | Wednesday July 25, 2012 @ 8:49am PDT

Daily Beast Newsweek IACThe news comes from IAC/InterActiveCorp chief Barry Diller in a conference call with analysts to discuss his company’s earnings. Newsweek/Daily Beast is “squarely on our heads,” he said following the recent decision by … Read More »

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IAC Takes Over Newsweek/Daily Beast

It’s up to Barry Diller‘s company to chart a course for the Tina Brown-run print and Internet publication. The family of one-time audio pioneer Sidney Harman decided to pull back from the joint venture with IAC. Harman was actively involved in the operation, but he died in April 2011. As a result, “the Harman trust has indicated that it does not intend to make further capital contributions to the venture,” it told Reuters, which broke the story. Harman’s wife, former California Rep. Jane Harman, will remain on the board. The big question now is how long Diller’s IAC/InterActiveCorp will be willing to stick by Newsweek/Daily Beast. Word has it the board doesn’t like the business, although Diller’s control of 42.8% of the company votes means he usually gets what he wants. The print publication had an operating loss of about $39.5M in 2009; the Washington Post sold it in 2010 to Harman for $1 along with his assumption of liabilities. But its circulation has continued to fall: It was down 31.6% in 2010 and then 3.4% last year to 1.5M. Meanwhile, the ad-supported online publication is estimated to be losing about $10M a year. Read More »

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Newsweek & Daily Beast Announce Merger

This, after talks were abandoned just recently. The new venture will be called the Newsweek Daily Beast. Tonight, Tina Brown, Daily Beast’s co-founder, announced the merger — “some weddings take longer to plan than others” — and will top edit. The Daily … Read More »

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Daily Beast And Newsweek Talks Fall Apart

The Wall Street Journal is reporting that talks between The Daily Beast and Newsweek have cratered. The two companies had been discussing a deal to make Tina Brown editor of Newsweek. But details couldn’t be worked out surrounding the division of power between Brown, new Newsweek owner Sidney Harman, and Barry Diller, who’s chairman … Read More »

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