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IAC Takes Control of Newsweek/The Daily Beast

According to Reuters, the family of the late Sidney Harman has stopped investing in Newsweek/The Daily Beast. Since IAC continues to subsidize the venture, its 50 percent interest is now a controlling stake.

The family decided to stop giving to Newsweek/The Daily Beast because it wanted to cap contributions, but wouldn’t say what that number was.

The Harman’s family’s statement to Reuters:

The Harman family remains supportive partners in the business of Newsweek Daily Beast, including service on the Board by Jane Harman and family participation in various informal roles. However, given the death of Sidney Harman, who was actively involved in the Newsweek Daily Beast business, the Harman trust has indicated that it does not intend to make further capital contributions to the venture.

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.