The media mogul Barry Diller has pulled The Daily Beast off the auction block.
Mr. Diller, the chairman of the digital media company IAC, said on Friday that The Daily Beast — a digital tabloid known for its aggressive political and media coverage — is not for sale.
Until recent days, according to people with knowledge of the talks, he had been in discussions about a deal with Ankler Media, a start-up that has earned a reputation for its unsparing coverage of Hollywood elites since Janice Min, a longtime magazine editor, co-founded it early last year.
“We did have negotiations with The Ankler, but we have withdrawn from them,” Mr. Diller, 81, said in a statement.
“The Daily Beast is not for sale.”He did not elaborate on his plans for The Daily Beast, a publication that the magazine editor Tina Brown first edited in 2008 and that has earned plaudits for its journalism.
Persons:
Barry Diller, Diller, Janice Min, “, ” Mr, Tina Brown
Organizations:
IAC, Ankler Media, Daily