The Newsweek Daily Beast Will Make A Monstrous Combination

techcrunch.com — After a series of on-again, off-again talks, Newsweek is merging with The Daily Beast, the IAC-owned online news site run by Tina Brown. The new joint venture will take the ungainly name of the Newsweek Daily Beast Company. Last August, the Washington Post Company sold Newsweek for $1, plus the assumption of $40 million in debt, to stereo tycoon Sydney Harman. Now Barry Diller is getting his hands on Newsweek and mashing it together with his high-profile media play, the Daily Beast. It sounds as though the two publications will remain separate for now, with Tina Brown becoming the editor in chief of Newsweek as well. That makes sense. Who wants to read the Daily Beast in print? It is like the TMZ of news. Nov 12, 2010 View in Crawl 4