The Most Recent Newsweek Daily Beast Media Mogul Company
“Newsweek” and “The Daily Beast” could be combining. Founder Brown announced this on “The Daily Beast” earlier today. The relationship is full half-and-half. The 2 advertising corporations will continue publishing. There could be one editor for the two media operations. Tina Brown intends on running them very differently.
Seeing ‘The Daily Beast’ and ‘Newsweek’ as one
For news and editorial, “The Daily Beast” is the place to go. For about two years, it has been running. Stephen Colvin, founder of “The Week” and “Maxim,” and Tina Brown, previous editor of “Vanity Fair, run it together. “Newsweek”, last year, had been purchased from “The Washington Post” for $1 by Sidney Harmon. For 77 years there has been print from “Newsweek” which will continue this way.
The media for the two different partners could be different
Tina Brown, in an interview on NPR this morning, sounded incredibly excited about the possibilities of The Newsweek Daily Beast Company. She said “Newsweek” will go a different direction when there can be a perfect web-based news cycle that is “beast-like” and is available 24/7. Magazines, she claims, are the perfect medium for long-form, investigative, “meaningful” journalism that the web simply cannot effortlessly support.
…having done so much Web news now, I can really see what a magazine can offer, which is unique in the marketplace … is a different kind of narrative rhythm. … In a magazine you are able to be more reflective…
This means that Newsweek will be the “arm” of the newest media company when “The Daily Beast” will have the “animal-like” energy that has been what it is known for.
What the Newsweek Daily Beast Company is all about
There is an interesting 50 percent divided of power in the company. This is how the Newsweek Daily Beast Company is planning on going. Barry Diller and InterActive Corp are financing “The Daily Beast.”. Barry Diller is best known for creating USA Broadcasting and Fox Broadcasting Company. Diller is also the Chairman of Expedia. “Newsweek” saw a 38 percent drop in revenue between 2007 and 2009, and Sidney Harmon, audio mogul, purchased the magazine for $1. In 2010, the losses by “Newsweek” were already at $11 million. The hope was that by adding the two companies together, the cuts and revenue would balance one another out.
Articles cited
New York Times
mediadecoder.blogs.nytimes.com/2010/11/11/newsweek-and-daily-beast-partnership-to-be-announced/
NPR
npr.org/blogs/thetwo-way/2010/11/12/131265004/tina-brown-merger-of-newsweek-and-daily-beast-amplifies-both
Wikipedia
en.wikipedia.org/wiki/Newsweek
The Daily Beast
thedailybeast.com/blogs-and-stories/2010-11-11/the-daily-beast-and-newsweek-to-wed/
