Newsweek and The Daily Beast will announce tomorrow morning that the two publications will merge, a source close to the deal tells The Observer.
It will be a 50-50 merger of the two companies. The editorial staffs will combine under the editorship of Tina Brown, who will again run a high-profile glossy.
Newsweek owner Sidney Read More
Merger talks between Newsweek and The Daily Beast are back on—but then again, they were never off.
The New York Post’s Keith Kelly reported this morning that “after a three-week cooling off period, talks are back on.” Two sources close to the search for the next editor of Newsweek tell the Observer that Read More
Question and Answer
IAC made a smart surrender today, killing of Ask.com’s algorithmic web search to focus its resources on social Q&A.
Competing with Google just didn’t make sense, Ask.com President Doug Leeds told Bloomberg.
“It’s become this huge juggernaut of a company that we really thought we could compete against by innovating. We did a Read More
Reuters helpfully points to this SEC filing that shows Barry Diller has bought more shares in the Coca Cola company. How many? One-hundred twenty thousand, worth about $7.4 million, bringing his total stake up to 1.1 million shares of Coke.
Diller, CEO of Daily Beast publisher IAC/Interactive Corp., has been on Read More
At a party where Jamie Dimon gabbed with Lloyd Blankfein and the mayor cracked wise about George Clooney, the most important people in New York City gathered this month to celebrate Steven Rattner, the former private equity guru and car czar. Within 24 hours, the news that Mr. Rattner was settling longstanding charges Read More
After more than eight weeks since an anonymous source told Fishbowl NY that Sidney Harman was trying to recruit Tina Brown to run Newsweek, the Wall Street Journal‘s Russel Adams is putting the story to rest. There won’t be any deal between Newsweek and The Daily Beast becuase the three main personalities Read More
Guests at the Vimeo video awards show this weekend may have thought someone was dosing the punch.
As part of the celebration, the team from Vimeo lit up the Frank Gehry-designed IAC building with a rippling, psychedlic display of green and grey light. A New York Times reporter captured it on video.
The Read More
Over the weekend, Guest of a Guest uncovered photos of mogul Barry Diller and wife Diane von Furstenberg lounging around their home in Western Connecticut with the designer’s daughter Tatiana and granddaughter Antonia. This must be Cloudwalk farm, the 19th Century estate the designer owns not far from the weekend home of Read More
Forbes came out with its rich people in America list, so let’s play a little game among the media set. Here are 5 media moguls, and here are 4 figures that represent their net worth. See how many you get right!
1. Rupert Murdoch
2. Ted Turner
3. Si Newhouse
4. Charles Dolan
5. Read More
“Oh, I beg your pardon, sorry!” Tina Brown exclaimed to The Observer at the Diane von Furstenberg show yesterday. She was looking for her seat and, for a moment, had mistaken us for an assistant. “I’m not asking you for our seat assignment!” Ms. Brown did eventually find her placement — it was in the Read More