Tina Brown Out at Daily Beast; May Signal Internet Shake-Out
Tina Brown who tried to carve an empire for herself at Barry Diller’s company as Editor-in-Chief of The Daily Beast and, for a time, Newsweek, is first big-name print star to fall on the Internet.
Diller’s IAC/InterActiveCorp will not renew Brown’s likely million-dollar-plus contract when it expires in January. Her departure could signal the beginning of a major shakeout among high-cost Internet publications that have yet to see ad revenues come close to matching expenses....