IAC Said to Be Considering Daily Beast Sale After Tina Brown Exit
Posted in: UncategorizedIAC/InterActiveCorp Chairman Barry Diller is considering selling the Daily Beast following the departure of Tina Brown, who helped start the news website in 2008, a person with knowledge of the matter said.
Ms. Brown, who served as the Daily Beast’s editor-in-chief, had explored the idea of a sale with Mr. Diller before announcing her departure yesterday, said the person, who asked not to be named because the deliberations are private. The company hasn’t made any formal moves to shop around the business, the person said.
Ms. Brown is now leaving the site to start a new venture, Tina Brown Live Media, which will build on her Women in the World conferences. Her exit leaves the Daily Beast without its best-known voice and follows a failed effort to integrate the site with Newsweek magazine. IAC agreed to sell Newsweek to IBT Media last month for an undisclosed sum, raising speculation that the company would offload the Daily Beast as well.
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