Friday, November 12, 2010

Newsweek, Daily Beast to Merge | Russell Adams | Voices | AllThingsD

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

Post a Comment