The Harman family has stopped investing in the Newsweek Daily Beast JV it co-owns with Barry...

|By:, SA News Editor

The Harman family has stopped investing in the Newsweek Daily Beast JV it co-owns with Barry Diller's IAC/InterActive (IACI), meaning IACI's initial 50% has grown into a controlling stake, Reuters reports. The combined venture is still losing money, according to Diller, though he has said this year's loss will be substantially less than last year's.