The Newsweek/Daily Beast Merger Is Finally Official

It has been nearly three full months since Newsweek and The Daily Beast verified all the rumors and agreed to merge — today their deal has finally been signed, sealed, and delivered.  Although some speculated that the new media conglomerate would simply be coined “Newsbeast,” the company went with a more conservative title and will be known as The Newsweek/Daily Beast Company LLC.  As expected, Tina Brown will serve as the title’s editor-in-chief, while IAC chairman Barry Diller and Newsweek owner Sidney Harman are both directors.