The Daily Beast lives on—or at least it’s not closing any time soon, as interim CEO Rhona Murphy said today in a company memo.
“The Daily Beast is not for sale and is not closing,” Ms. Murphy wrote in the memo. “IAC has approved in concept the operating budget for 2014.”
The news is sure to put Beast staffers at ease—for the moment at least.
With the recent announcement that Tina Brown, the site’s founding editor, will be leaving in January, the company’s future had seemed particularly hazy. Owner Barry Diller had reportedly been mulling over a few options, including a shutdown, as the Post’s Keith J. Kelly reported last week.
(It could be the case, as Mr. Kelly writes, that IAC is giving the Beast another year to see how the site performs before cutting its losses for good.)
“The Daily Beast roars on,” executive editor John Avlon noted.