Daily Beast, Newsweek to Merge
Driving relevance means driving growth. Join global brands and industry thought leaders at Brandweek, Sept. 11–14 in Miami, for actionable takeaways to better your marketing. 50% off passes ends April 10.
Tina Brown is a magazine editor once again. With a “coffee-mug toast” on Tuesday, The Daily Beast and Newsweek finally consummated their long-anticipated merger that both sides hope will benefit two respected but money-losing brands.
The new company, combining a feisty news and opinion site and iconic print weekly, will be a joint venture called, awkwardly, The Newsweek Daily Beast Company. It will be owned equally by Barry Diller, IAC chairman and backer of the Beast; and Newsweek owner Sidney Harman.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in