All indications are that talks between Newsweek owner Sidney Harman and The Daily Beast’s Barry Diller are red hot. The Wrap’s Sharon Waxman, citing an “individual close to the talks,” puts the odds of a deal being reached in the next week at 50 percent. Which we guess is another way of saying as hot as talks supposedly are no one still has any idea if this thing is going to happen.
The plan would be to combine the digital operation of both entities while giving editorial control of Newsweek’s print product to Daily Beast editor-in-chief Tina Brown. But neither of the two entities are currently making any money–so who knows how the deal would work financially.
Editorially speaking, however, the deal obviously seems like a good fit. We’d love to see what Brown could do for the chronically conventional-wisdom-spewing Newsweek.