Newsweek, Daily Beast Announce Merger

Written by Pat's Papers | Friday, 12 November 2010 9:54 AM


They’re losing money at Newsweek, about $20 million this year. And they’re losing money at the Daily Beast—about $10 million, according to insiders. So why not combine? The Wall Street Journal has the details on the merger which will create one Tina Brown-helmed venture called the Newsweek Daily Beast Co. The Journal points out that while Brown has a reputation for saving troubled titles, online-only news outlets have had a difficult time turning a profit.

Share This Story

Tracker Pixel for Entry
 

 

Enter address below to get the morning headlines in your inbox (more details)

New on the Blog

A Day in the Life of Pat Kiernan

A Day in the Life of Pat Kiernan

Business Insider spent a day with me, documenting my 15-hour workday

New on the Story Stack

Links from our Sponsors

Popular Posts


Pat Kiernan's Facebook profile

Links

Favorites

U.S. Newspapers

International Newspapers

News