NewsBeast Lives: Merger Between Newsweek, The Daily Beast Now Official

Newsweek and The Daily Beast are now The Newsweek/Daily Beast Co. LLC, as the merger between the two entities, originally announced Nov. 12, is now official.

The Daily Beast founding partner and editor-in-chief Tina Brown will serve as editor-in-chief of the combined properties, and Daily Beast president Stephen Colvin will be its CEO. Newsweek owner Sidney Harman will be executive chairman of its board, and IAC chairman Barry Diller will be a director.

Brown said:

The paperwork is finished, and we are officially a combined company. We now move forward with the vision that Sidney Harman, Barry Diller, and I have been relishing — the creation of a vibrant company to continue the groundbreaking online Daily Beast and a revitalized Newsweek.

Harman added:

This is an exciting undertaking. We are convinced that the combination of Newsweek and The Daily Beast will extend the frontiers of read and heard news and of read and heard news opinion. Making the complex weekly news both comprehensive and comprehensible will be our mission.

And Diller said:

I’m very glad we’re now on our way.

Related Stories
Mediabistro Course

Instagram Marketing

Instagram MarketingStarting October 27, learn how to gain likes and followers on one of the most popular social media platforms! In this course, you'll learn how to develop an Instagram strategy that will make your profile stand out and gain new followers, tell a brand story through photos, and use your Instagram profile to drive your sales and business objectives. Register now!