Four Reasons to Worry About the Newsweek-Daily Beast Deal

wsj ^ | 11/13/10 | Shira Ovide

[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

[Cicero]

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.

[vbmoneyspender]

And he can’t help who he’s married to.

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

[Cicero]

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