Newsweek and The Daily Beast to merge

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Newsweek and The Daily Beast to merge

Nov 12 2010

Newsweek magazine is merging with news website The Daily Beast, it has been announced.

It will bring together one of US publishing's oldest names with one of its newest, under the stewardship of former Vanity Fair editor Tina Brown.

Newsweek, established in 1933, was sold by the Washington Post to businessman Sidney Harman for $1 earlier this year.

The new venture, The Newsweek Daily Beast Company, will be jointly owned by Mr Harman and IAC, which owns websites including Ask.com and Reference.com.

Source: BBC News

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