Good for them. I had written off Newsweek for dead after its radical repositioning and eventual sale by the Washington Post Co. I don't know for certain that the new company will be a success, but if anyone can make it a success, I think Tina Brown can. She's smart, brave, and a powerhouse. That combo has earned her a legion of critics (including some past colleagues), but she knows media and clearly still believes in print, so I'm optimistic. Her track record is considerable and impressive.
|From WEIMAR WORLD SERVICE|
The Daily Beast is owned by mogul Barry Diller, who will own 50 percent of the new company, The Newsweek Daily Beast Company. Harman will own the other 50 percent.