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Four Reasons to Worry About the Newsweek-Daily Beast Deal
wsj ^ | 11/13/10 | Shira Ovide

Posted on 11/13/2010 9:19:48 PM PST by Nachum

It sounds like the start of a bad joke: Barry Diller, Tina Brown and Sidney Harman walk into a (coffee) bar…

…And walk out with a Frankenstein merger of their unprofitable media ventures.

News-and-culture website Daily Beast and Newsweek magazine, which the 92-year-old Harman took off the Washington Post Co.’s hands this summer, are merging into a joint venture called Newsweek Daily Beast Company. Brown writes in a Daily Beast post that the three of them — the media-and-Internet mogul, the diva editor and the nonagenarian stereo magnate, respectively – agreed over a mug of coffee to mash together their businesses, after one aborted trip to the

(Excerpt) Read more at blogs.wsj.com ...


TOPICS: News/Current Events
KEYWORDS: 666; four; newsweak; newsweek; reasons; thedailybeast; tinabrown; worry

1 posted on 11/13/2010 9:19:54 PM PST by Nachum
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To: Nachum

I think it would give the Daily Beast a bad reputation.


2 posted on 11/13/2010 9:21:00 PM PST by ari-freedom (Islam is at war against America, while America is at the mall.)
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To: Nachum

Does this mean that Meghan McCain who is a blogger for Daily Beast can now say she’s a Newsweak columnist?


3 posted on 11/13/2010 9:33:12 PM PST by bigbob
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To: Nachum

Tina Brown is a walking disaster. She has wrecked everything she has touched.

The only thing that surprises me is that from what little I know of him Harman seems to be a pretty sensible guy. He wrote a pretty good piece a while back about the economic stupidity of the current administration when it comes to taxes. How on earth did he get involved in this?


4 posted on 11/13/2010 9:35:18 PM PST by Cicero
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To: bigbob
Does this mean that Meghan McCain who is a blogger for Daily Beast can now say she’s a Newsweak columnist?

Maybe. It will also give her a weekly pay check from Soros.

5 posted on 11/13/2010 9:36:17 PM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: abb
Ping to the daunting challenges of trying to save the money losing NewsBeast joint venture.
6 posted on 11/13/2010 9:44:10 PM PST by Zakeet (Like the wise Wee Wee said, "We can't be broke ... we still have checks in the checkbook.")
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To: Cicero
The only thing that surprises me is that from what little I know of him Harman seems to be a pretty sensible guy.

Harmon is Jane Harmon's husband. Jane Harmon is a Democratic congresswoman in California.

7 posted on 11/13/2010 9:56:30 PM PST by vbmoneyspender
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To: Nachum

Bestiality Weekly is too long, they should just call it BeastWeek.


8 posted on 11/13/2010 10:06:17 PM PST by TChad
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To: vbmoneyspender

a ‘blue dog’


9 posted on 11/13/2010 10:14:17 PM PST by ari-freedom (Islam is at war against America, while America is at the mall.)
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To: ari-freedom

She’s the rep for my district and like all blue dogs, when push comes to shove she turns into a yellow dog.


10 posted on 11/13/2010 10:20:22 PM PST by vbmoneyspender
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To: bigbob
Does this mean that Meghan McCain who is a blogger for Daily Beast can now say she’s a Newsweak columnist?

Can she still submit her column in crayon?

11 posted on 11/13/2010 10:39:30 PM PST by Darkwolf377 ( Mm, your tears are so yummy and sweet!Oh, the tears of unfathomable sadness! Mm-yummy! --E. Cartman)
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To: Nachum

This is actually in line with the Obama Economics model—it’s the reverse of the old saying “When you find you’re in a hole, stop digging.”


12 posted on 11/13/2010 10:41:06 PM PST by Darkwolf377 ( Mm, your tears are so yummy and sweet!Oh, the tears of unfathomable sadness! Mm-yummy! --E. Cartman)
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To: Nachum
At the time Newsweek was sold, it was on pace for a $20 million loss this year, and the Daily Beast stands to post a $10 million loss for 2010

How is it possible to lose $10 million on a little web page? How is it possible to spend $10 million on a little web page?

13 posted on 11/13/2010 11:07:25 PM PST by Minn
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To: Nachum

I can’t decide whose reputation is more tarnished by the merger. Hmmm.


14 posted on 11/13/2010 11:13:29 PM PST by Slyfox
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To: Minn
How is it possible to lose $10 million on a little web page? How is it possible to spend $10 million on a little web page?

Leave it to liberals to spend an overly exorbitant amount of money on anything.

15 posted on 11/13/2010 11:13:53 PM PST by rvoitier (Progressives are in the GOP, too.)
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To: Minn

I can’t believe that Diller and Harman would live for a minute with such losses. I bet there is a hidden subsidy from Soros and some Hollywood style accounting in play.

In either event, Newsweek will be out of print in a matter of months. IMHO.


16 posted on 11/14/2010 12:19:41 AM PST by Thebaddog (Shakey Jake said, " The hippies will never survive!")
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To: Nachum

Ah, reasons for them to worry, not us. That’s ok.


17 posted on 11/14/2010 2:22:27 AM PST by jocon307
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To: Minn

How is it possible to spend three and a half bucks for a cup of coffee?


18 posted on 11/14/2010 6:27:39 AM PST by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.8)
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To: Minn

“How is it possible to lose $10 million on a little web page? “

I’d like to know, too. The only possible scenario is that Soros is paying these moonbats and writing off the loss. I can’t imagine Goggle Adsense making any money off this piece of garbage. Thus, the Soros scenario is the most likely explanation. One good thing, though, is we get to watch the Nazis get destroyed again.


19 posted on 11/14/2010 6:30:20 AM PST by sergeantdave
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To: vbmoneyspender

I should have known that this is the Harmon married to dingbat Jane Harmon. The communist couple. How lovely. He must be at least 30 years older than Jane.


20 posted on 11/14/2010 6:33:36 AM PST by WashingtonSource
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To: vbmoneyspender

Isn’t he the New Jersey Harmon of Harmon Kardon? Ah, well, I’m not really familiar with the guy in any case.

And he can’t help who he’s married to. After all, Arnold’s married to a Kennedy and he’s . . . oh, well, never mind.


21 posted on 11/14/2010 9:49:08 AM PST by Cicero
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To: Cicero
And he can’t help who he’s married to.

My wife tells me the operative words are 'Unconditional Surrender'.

22 posted on 11/14/2010 11:19:32 AM PST by vbmoneyspender
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To: vbmoneyspender

I prefer to speak of my wife using the name taken from Rumpole of the Bailey: “She Who Must Be Obeyed.”


23 posted on 11/14/2010 12:39:12 PM PST by Cicero
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