Date

Sat - 25.11.2017


The Daily Beast and Newsweek end their partnership

The Daily Beast and Newsweek end their partnership

The talks between The Daily Beast and Newsweek about a possible merger ended on Monday after both companies were not able to agree on how power should be shared, The Wall Street Journal revealed.

"The engagement was fun but the pre-nup got too complex. We wish Newsweek all the best," said The Daily Beast editor-in-chief Tina Brown in a memo sent to the website staff, New York Magazine quoted.

The Daily Beast editor-in-chief Tina Brown was one of the candidates to fill Newsweek's editor position. Photo: AdPulp
According to The Wall Street Journal, if the deal had gone through Brown would have become the editor of the magazine. However, Newsweek's owner Sidney Harman, IAC/InterActive Corp CEO Barry Diller, who owns The Daily Beast, and Brown could not agree on their specific roles and how to divide business and editorial responsibilities.

In a joint memo, Harman and Newsweek's CEO Tom Ascheim said that they remain "committed to and actively engaged in the search for the best editor for Newsweek," The New York Observer quoted. In August, The Washington Post Company sold the magazine to Harman for $1. Since then, Newsweek has not had a permanent editor.

Author

Clara Mart

Date

2010-10-18 23:44

Shaping the Future of the News Publishing


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