Tina Brown giddily announces that Daily Beast, Newsweek to Wed! The offspring will be called The Newsweek Daily Beast Company.
Stacy wonders about The Weekly Newsbeast’s money flow:
The investors can expect to lose a crapload of cash in the process. The New Yorker reportedly lost $42 million in three years (1995-97) under Ms. Brown’s editorship. Talk lost an impressive $80 million during its two-year existence. Whatever else you might say about Tina Brown, she’s undeniably brilliant at convincing investors to lose money on her projects.
Two things:
1. The Daily Beast’s code is such that, every time I have been to the site, it takes a couple of seconds for the text to ungnarl itself into readable form.
2. I can’t recall when was the last time I read Newsweek.
Perhaps it is a match made in heaven, after all.
