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Wednesday, Sep 11
Tina Brown leaves The Daily Beast, IAC reportedly thinking of selling
- Daily Beast editor-in-chief and ex-New Yorker/Vanity Fair editor Tina Brown has left the online news publication to start a new venture called Tina Brown Live Media. Executive editor John Avlon is reportedly likely to replace her.
- With the site's future now in limbo, Bloomberg reports InterActiveCorp (IACI) is thinking of selling The Daily Beast.
- Brown co-founded The Daily Beast with IAC chairman Barry Diller in '08. Her departure and Bloomberg's report comes a month after IAC unloaded Newsweek, which had been merged with The Daily Beast. Prior to the sale, IAC's Newsweek Daily Beast unit had been a drag on the company's bottom line.