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.
Mo' Moonies Mo' Problems
On Saturday, news broke that IBT Media, a company that runs the online business (at least, in theory) newspaper International Business Times, had purchased Newsweek from IAC. So IBT Media now owns Newsweek. But exactly who controls IBT Media?
IBT Media’s corporate leadership site lists two cofounders: Etienne Uzac, the company’s CEO, and Johnathan Davis, its chief content officer.
But some say that the company is actually controlled by—or at least has very close undisclosed ties to—someone whose name appears nowhere on the site: David Jang, a controversial Korean Christian preacher who has been accused of calling himself “Second Coming Christ.”
Like cushy sign-on bonuses or drool-worthy stock options, perks are a potent recruiting tool for startups, dangled before potential hires like a treat before a ravenous animal. Expensive, Steve Jobs-approved gear and kitchens overflowing with every snack imaginable are treated like they’re the equivalent of platinum health insurance.
We get it–having a thriving, enjoyable Read More
HOW THIS ALL WENT DOWN
Remember that time Newsweek magazine was put up for sale by The Washington Post and then “saved” by then-91-year-old stereo magnate Sidney Harman (of the wonderful line of audio/visual products Harman + Kardon)? Well, less than two years ago, that actually happened. Now, that era is over, as the Harman family is done investing in Newsweek. As a result, IAC is now a majority owner, with a print publication on its books. How, exactly, did any of this happen in the first place?
Match.com just shelled out $50 million for New York’s homegrown dating site OKCupid, the dating site known for being free, giving its users quizzes, and turning those surveys into fascinating plunges into the human psyche at the OKTrends blog.
The press release indicates that OKCupid will not be shut down and Read More
IAC-owned comparative shopping site Pronto, Inc has quietly launched a content farm called The Writer’s Network, reports Ad Age.
The Writer’s Network currently has about 45 writers authoring “how to” articles on home and garden topics. The site says they will add finance, travel, parenting and more in 2011. The articles Read More
When you score a New Yorker profile at age 23, where do you go next?
Ricky Van Veen, the 29-year old CEO of CollegeHumor, posed for cheesy photos in New York Magazine this week and talked about how to make funny:
Van Veen also loves stunts and weird pranks, such as when he Read More
Rebecca Dana, a senior correspondent at The Daily Beast, has been tapped to rework the front of the book at the new Newsweek once the two publications’ merger has been completed, sources tell The Observer, and she is likely to edit the section when the title relaunches in February. Ms. Dana came to the Beast Read More
Barry Diller stepped down as CEO of IAC today. The move comes as a surprise, Diller has been very active in IAC business in recent weeks, especially the Newsweek negotiations.
Diller will continue to be involved in major strategic decisions, but will step back from the day to day business. That work will Read More
Last week marked the end of two investments by the IAC coporation. The first, Ask.com’s decision to end algorithimc search, says more about Google’s dominance than IAC’s inability to innovate.
But the death of InstantAction, a gaming firm acquired by IAC for $50 million back in 2007, highlights a more troubling trend Read More