Newsweek/Daily Beast Deal Still In The Works
Most companies witness a slowdown in operations around the holiday season and Newsweek and The Daily Beast are no exception to the rule. After announcing plans for a merger in November the two brands have not yet finalized their partnership and, according to Keith Kelly, Newsweek owner Sidney Harman is aiming for mid-January as the date to seal the deal.
The main culprits for the delay are legal issues and paperwork, two factors that are taking their toll on the Newsweek staff. Even though they both have signed book deals with Houghton Mifflin Harcourt, interim co-editors Dan Klaidman and Nisid Hajari will remain with the magazine until the end of the month
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