Haute 100 NY Update: Barry Diller’s IAC Assumes Controlling Stake In Newsweek Daily Beast

Previous PostHaute 100 LA Update: David Geffen Has Never Texted or Carried a Cell Phone
Next PostDouble Take : Dominik Garcia - Lorido

The estate of late billionaire Sidney Harman announced that it will no longer invest in Newsweek Daily Beast Co a year after Harman’s death, leaving mogul Barry Diller’s IAC/InteractiveCorp with a controlling stake in the beleaguered media company. Harman acquired the venerable but tattered Newsweek in August 2010, when the company was losing a reported $30 million annually.

READ THE FULL STORY ON HAUTE100

Like Haute Living New York? Join our Facebook page or follow us on Twitter @HauteLivingNY. Want Haute Living New York delivered to your inbox once a week? Sign up for our newsletter.

connect with haute living National
View All

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Loader