The Daily Beast-Newsweek Merger Talks End

Earlier today, Russell Adams of The Wall Street Journal wrote that The Daily Beast has pulled out of talks of a potential merger with Newsweek. The deal would have added “editor of Newsweek” to Tina Brown’s already cluttered job title list of co-founder/co-owner and editor of The Daily Beast.

Over the last several weeks discussion has focused on the roles of Brown, Daily Beast chairman Barry Diller, and new Newsweek owner Sidney Harman.  Much of the debate centered on what portion of the newly formed company each of these three individuals would control — Brown, Diller, and Harman all were opposed to relinquishing any power.

With hopes of a partnership with The Daily Beast dashed, Harman is now seeking an editor for Newsweek.