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staffers reacted ambivalently to the merger. There was opposition to redirecting the
Newsweek.com site, due to the amount of effort and work that staffers have spent on building the site. The news came unexpectedly to staffers, a sentiment reflected on SaveNewsweek.com, which states that "It’s always
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each owning 50 percent of the new company. Harman's rationale for the merger was that: "In an admittedly challenging time, this merger provides the ideal combination of established journalism authority and bright, bristling website savvy." The company plans to redirect the
Newsweek.com address to
301:, "I don’t see how you can take two money-losing businesses and put them together and come up with a single entity that makes money." As the two businesses target very different demographics, Edmiston questioned the appeal of the merger to advertisers.
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The
Washington Post Company bought control of Newsweek magazine yesterday from the Vincent Astor Foundation. The sale ended several weeks of intensive negotiation involving a number of publishing companies.
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in 1961. With increasing competition from online news sources, years of financial losses forced the company to sell the magazine in 2010 to Harman Media, owned by
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503:"50/50 Joint Venture will Merge all Newsweek Businesses and The Daily Beast's Digital Assets; Tina Brown to Serve as Editor-in-Chief"
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On
February 1, 2013, Brian Ries, the social media editor for NewsBeast, announced that the company had changed its name.
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magazine was launched in 1933 by a group of U.S. stockholders "which included Ward Cheney, of the Cheney silk family,
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under the management of The
Newsweek Daily Beast Company, which today operates as a subsidiary of IAC.
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443:"Washington Post Buys Newsweek. It Acquires 59% of Stock From Astor Foundation for $ 8,000,000"
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640:(Press release). International Business Times. August 3, 2013. Archived from
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473:"Harman Media buys Newsweek from Washington Post Co. for undisclosed amount"
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from IAC on terms that were not disclosed; the acquisition included the
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613:"Newsweek Daily Beast Is NewsBeast, and That's the End of That Chapter"
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nice to wake up and find out in the Times that your job is doomed".
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would stop publishing its print magazine by
December. The
266:, despite the fact that the former has higher traffic.
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brand and its online publication, but did not include
588:"After 79 years in print, Newsweek goes digital only"
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Reception to the merger was not positive. As former
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1051:Defunct mass media companies of the United States
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532:"Newsweek Weds Daily Beast? Good Luck With That"
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253:named The Newsweek Daily Beast Company, with
323:and continue as a digital-only magazine for
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1086:American companies disestablished in 2013
441:Salisbury, Harrison E. (March 10, 1961).
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241:In November 2010, it was announced that
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389:Hagey, Keach (October 18, 2012).
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638:"IBT Media to Acquire Newsweek"
311:In 2012, it was announced that
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27:Former American media company
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395:The Wall Street Journal
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200:was founded in 2008 by
165:Newsweek § History
391:"Newsweek Quits Print"
119:company, and owner of
895:Martha Stewart Living
190:America's 60 Families
845:Entertainment Weekly
644:on October 14, 2014
511:. November 12, 2010
478:The Washington Post
337:On August 3, 2013,
249:would merge into a
204:, former editor of
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619:. February 1, 2013
537:The New York Times
448:The New York Times
373:, a news website.
361:The company owned
298:The New York Times
194:Ferdinand Lundberg
135:and the estate of
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923:People en Español
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207:Vanity Fair
182:Paul Mellon
1045:Categories
967:TreeHugger
812:Allrecipes
648:2013-08-04
623:2021-01-18
597:23 October
454:2008-04-14
377:References
276:, acts as
270:Tina Brown
202:Tina Brown
163:See also:
151:, leaving
83:Key people
50:Newspapers
1028:Time Inc.
1007:DailyBurn
748:HomeStars
725:Angi Inc.
420:Bloomberg
339:IBT Media
280:for both
184:, son of
147:acquired
145:IBT Media
113:NewsBeast
31:NewsBeast
995:Care.com
972:Verywell
889:Lifewire
676:Newsweek
665:Overview
565:New York
426:April 1,
400:April 1,
364:Newsweek
347:Newsweek
343:Newsweek
317:Newsweek
313:Newsweek
305:Newsweek
293:Newsweek
282:Newsweek
243:Newsweek
174:Newsweek
149:Newsweek
122:Newsweek
97:Newsweek
92:Products
46:Industry
909:Parents
871:InStyle
773:Ask.com
671:website
667:on the
592:Reuters
159:History
74:Defunct
66:Founded
916:People
859:Health
831:Brides
783:Excite
237:Merger
180:, and
167:, and
942:Shape
738:Handy
117:media
60:media
56:Genre
978:Wood
883:Life
733:Angi
599:2012
573:2010
545:2010
517:2010
486:2010
428:2018
402:2018
327:and
284:and
257:and
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210:and
125:and
717:IAC
679:on
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