Sign of the Fourth Estate times
Newsweek magazine and news Web site The Daily Beast have agreed to a deal that will make Daily Beast co-founder Tina Brown the editor-in-chief of the combined operation, according to people familiar with the situation, three weeks after they abandoned talks of a merger over a disagreement about control.
Under the proposed agreement, expected to be disclosed on Friday, the two news organizations will be combined in a 50-50 joint venture called the Newsweek Daily Beast Company, the people said.
Newsweek, Daily Beast to Merge | Russell Adams | Voices | AllThingsD
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