As a Rantburger once quipped, Newsweak and the Daily Beast found a way to lash the lifeboats together. Now to resolve the problem of one sinking the other.
Can I do anything to make the hole in either boat bigger?
The company operating the US magazine Newsweek indicated Wednesday the venerable publication is likely to go digital to stem its losses and could undergo other changes by next year.
Barry Diller, chairman and chief executive at the conglomerate IAC, said his firm is looking at options now that its partner in the Newsweek/Daily Beast operation has pulled out.
Diller told a conference call that the Harman family, which had been part of the news operation, had pulled out following the death of magnate Sidney Harman.
He said one of the options is a transition to a digital magazine, but did not offer any specific plans. |