The Newsweek and Daily Beast make a relationship

”Newsweek” and “The Daily Beast” can be combining. Founder Tina Brown announced this on “The Daily Beast” eelier today. These two media companies will continue operations, with changes. The partnership is full 50 percent. There will be one editor for the 2 news operations. Tina Brown intends on running them very differently.

Possible merge of ‘The Daily Beast’ and ‘Newsweek’

“The Daily Beast” is a news and editorial website that has been running for about 2 yrs. It is co-run by previous “Vanity Fair” editor Tina Brown and “The Week” and “Maxim” founder Stephen Colvin. "The Washington Post" sold "Newsweek" last year. Sidney Harmon bought it for $1. For 77 years there has been print from "Newsweek" which will continue this way.

The media for the two different partners will be different

Tina Brown, in an interview on NPR this morning, sounded incredibly looking forward to the possibilities of The Newsweek Daily Beast Company. She said "Newsweek" will go a different direction when there will be a perfect web-based news cycle that is "beast-like" and is accessible 24/7. Since the web can't really support investigative, "meaningful" journalism, she said that magazines will work better.

…having done so much Web news now, I can actually 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…

In other words, “The Daily Beast” will continue the “animal-like” energy it has built up, while Newsweek will provide the analysis and investigation “arm” of the brand new media company.

The information on the Newsweek Daily Beast Company

The new Newsweek Daily Beast Company has a full 50 percent divided of control. So far, the InterActive Corp and Barry Diller are financing. This is how "The Daily Beast" has gotten by. Barry Diller is best known for creating USA Broadcasting and Fox Broadcasting Company. That's not all. Diller is also on the Expedia chair. “Newsweek” saw a 38 percent drop in revenue between 2007 and 2009, and Sidney Harmon, audio mogul, purchased the magazine for $1. There is a hope the losses "Newsweek" has made can be balanced out by the revenues of the other company as $11 million is already what the first quarter of 2010 showed as a loss.

Citations

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/