Tina Brown, editor of The Daily Beast, is leaving the Barry Diller’s IAC online media company, to launch her own company.
Tina Brown Live Media is to be devoted to summits, salons and flash debates on the news,” according to Brown’s memo to staffers.
Her departure follows Diller’s decision not to renew his high-profile editor’s contract when it expires in January.
Buzzfeed, which broke the story, said Brown’s decision to bolt was a mutual one made with Diller.
Final details connected with Brown’s exit have not yet been ironed out.
The “Women of the World” conference series that Brown had been running could be part of her severance package.
Brown, who made her mark at Vanity Fair, also edited Tatler, The New Yorker, defunct Talk and Newsweek.
Brown said her plan to exit is “so very exciting for me.” She said her five-year tenure has “been a hell of fun ride.”
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
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