Barry Diller is considering selling The Daily Beast, Bloomberg reports.
Yesterday’s news of Tina Brown’s departure from The Daily Beast, prompted speculation about the fate of the already unsteady publication. Today, some questions might have been answered, thanks to “a person with knowledge of the matter” who told Bloomberg that the IAC chairman is considering selling the Beast after Ms. Brown’s impending exit in January. Read More
Tina Brown will part ways with The Daily Beast when her contract expires in January, BuzzFeed reports. Ms. Brown, who launched The Daily Beast in 2008, is still working out the details of her departure from the website.
Politico reports that Ms. Brown will launch her own company called Tina Brown Live Media that will expand on her Women in the World conferences and where she will be able to control both the business and the editorial side.
“[Tina Brown Live Media] is really a marriage of her commitment to journalism and story-telling; it’s going to be really event-orientated,” a source told Politico. Read More
Newsweek deputy editor Justine Rosenthal is leaving the digital-only publication, editor in chief Tina Brown announced today in a staff email first obtained by Capital. Richard Just will step in to replace Ms. Rosenthal.
Ms. Rosenthal, who had been at NewsBeast since 2011, was promoted from executive editor to editorial director in December amid substantive layoffs, shortly after the magazine announced it would cease print publication. In April, Ms. Rosenthal replaced Tunku Varadarajan as editor of Newsweek Global. Read More
“There is real enthusiasm for Newsweek Global as an all-digital product,” said Barry Diller today on IAC’s quarterly earnings call. “But we do not have stars in our eyes.”
IAC’s third quarter media revenue almost tripled to $52.7 million, thanks to the inclusion of NewsBeast in the company’s consolidated results–following its acquisition of a controlling interest Read More