"I wish I hadn't bought Newsweek. It was a mistake," says InterActiveCorp (IACI -0.3%) chairman...

|By:, SA News Editor

"I wish I hadn't bought Newsweek. It was a mistake," says InterActiveCorp (IACI -0.3%) chairman Barry Diller, who just resigned from TripAdvisor's board. IAC's Newsweek Daily Beast JV has been an albatross for the company, as it tries to get the business to turn a profit while shifting to an all-digital model. Diller also claims TV broadcasters are trying to use Congress to shut down IAC-backed Aereo, and suggests Aereo could start offering additional content if it reaches 10M-20M subs (that could take a while); the service will arrive in Boston in May. (more on Aereo)