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The Daily Beast has long been an outlier in the digital empire of the billionaire Barry Diller. As sites like Match.com and Expedia made millions over the years, Mr. Diller’s digital tabloid lost money, publishing scoop after scoop but struggling to turn a profit. Mr. Sherwood and Ms. Coles will be granted an equity stake equivalent to roughly half of The Daily Beast, with IAC keeping the majority, according to a person familiar with the matter. Mr. Sherwood, 60, will be its chief executive and publisher, and Ms. Coles, 61, will be chief creative and content officer. The decision to bring in Mr. Sherwood and Ms. Coles came after Mr. Diller considered a sale of The Daily Beast and had conversations with various suitors.
Persons: Barry Diller, Expedia, Diller, he’s, Ben Sherwood, Joanna Coles, Sherwood, Coles, Janice Min Organizations: Disney ABC Television Group, Hearst Magazines, IAC, Daily, Hollywood, Ankler Media, The Hollywood Locations: Ben
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'd be surprised if we get a deal on WGA strike today but we're getting close: Ankler's Janice MinJanice Min, Ankler Media Founder and CEO, joins 'Power Lunch' to discuss the latest developments on the WGA strike.
Persons: Ankler's Janice Min Janice Min Organizations: WGA, Ankler
Barry Diller Ends Talks to Sell The Daily Beast
  + stars: | 2023-06-23 | by ( Benjamin Mullin | ) www.nytimes.com   time to read: 1 min
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 “We did have negotiations with The Ankler, but we have withdrawn from them,” Mr.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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEroding board confidence in Chapek led to Iger's return, says The Ankler's Janice MinJanice Min, CEO and editor-in-chief of The Ankler, and RBC's Kutgun Maral join 'Power Lunch' to discuss Bob Iger's return as CEO of Disney, top areas of focus for Disney's spending and how the stock is responding to Iger's news.
Netflix launches ad-based subscription plan
  + stars: | 2022-10-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix launches ad-based subscription planJanice Min, The Ankler editor-in-chief and CEO, joins 'Power Lunch' to discuss Netflix's decision to introduce an advertisement tier to its streaming services, Netflix's reliance on one revenue stream, and the company's defensive strategy for fending off acquisition.
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