They were talking. Then they weren’t. They were thinking about doing something together, but those were really just rumors. Well, the truth finally comes out. Newsweek and The Daily Beast are tying the knot. Daily Beast editor-in-chief…well, and now Newsweek EIC too…Tina Brown broke the news last night on her site.
The Daily Beast’s animal high spirits will now be teamed with a legendary, weekly print magazine in a joint venture, named The Newsweek Daily Beast Company, owned equally by Barry Diller’s IAC and Sidney Harman, owner (and savior) of Newsweek. As for me, I shall now be in the editor-in-chief’s chair at both The Daily Beast and Newsweek, bringing with us as CEO my Daily Beast business partner Stephen Colvin, who launched The Week Magazine in the U.S., as well as Maxim, as president of Dennis Publishing. His dynamism has created 66 new ad campaigns for us since I persuaded him to join The Daily Beast a year ago.