The news comes from IAC/InterActiveCorp chief Barry Diller in a conference call with analysts to discuss his company’s earnings. Newsweek/Daily Beast is “squarely on our heads,” he said following the recent decision by the family of Sidney Harman to pull back its funding for the joint venture. Diller says that IAC also won’t “contribute to the losses of the business as they’ve been this year…Our investment next year will be considerably less.
On the conference call to discuss IAC's first-quarter earnings, chairman Barry Diller just said something that has me scratching my head. In response to an analyst's question about efficiencies between Newsweek and the Daily Beast, ... Read Post
The Daily Beast will have a print component at some point and is getting closer to breaking even, Barry Diller, chairman of the website's parent company, IAC, said on a conference call with analysts Wednesday morning. "One way or an... Read Post