Newsweek and The Daily Beast are in final talks with the Newspaper Guild about staffing issues related to their merger, Adweek has learned.
The union, which represents some 90 Newsweek editorial staffers, is meeting Friday with representatives of the companies. The outcome could provide some clarity for Newsweek employees, especially about whether there’ll be buyouts forthcoming. Morale at the weekly has been declining as Tina Brown, the editor of the combined entity, has been making hires and rumors of impending cuts are swirling.
Newsweek owner Sidney Harman had agreed to keep most of the magazine’s 300-plus employees after buying it from The Washington Post Co. last summer. The Post Co. agreed to pay severance costs for Newsweek employees who weren’t kept within a year of the sale.
It's still unclear when the Newsweek-Daily Beast deal will close and where the staffs will work, but Newsweek is expected to move from its dreary lower Manhattan offices into the slick, West Side headquarters where Beast parent IAC is based.