Perhaps Diller thinks the residual ‘brand value’ of Newsweek will carry the thing for a while. It did at one time have a decent size readership...
http://www.wwd.com/media-news/fashion-memopad/a-beauty-and-the-beast-3381569?justin=3381569
A Beauty and The Beast
http://transcripts.cnn.com/TRANSCRIPTS/1011/14/rs.01.html
Interview with Tina Brown, Sidney Harman