The NewsBeast is ALIVE!
But it has problems aplenty, not the least of which is surviving Tina Brown’s star system — great if you’re enjoying most-favored reporter status and hell if you are not.
The inevitable result is staff discord, with many veteran Newsweekers feeling that they are being branded as stupid, old-media types — regardless of their credentials.
In the new joint venture, 92-year-old Sidney Harman is finally merging Newsweek with the Daily Beast, owned by Barry Diller’s IAC/InteractiveCorp.
The deal was finalized yesterday, nearly three months after it was first announced back on Nov. 12.