This, after talks were abandoned just recently. The new venture will be called the?Newsweek Daily Beast.?Tonight, Tina Brown, Daily Beast's co-founder, announced the merger -- "some weddings take longer to plan than others" -- and will top edit.?The Daily Beast is underwritten by Barry Diller's?IAC/InterActiveCorp (who's been looking to get out from under) while Newsweek was recently purchased by?Sidney Harman for $1 (because no one else wanted to keep the print edition going).?Both media outlets are money-losing ventures, with Newsweek losing about $20M a year, and the Daily Beast?about $10M this year. So now the combined company is a $30M a year loser?
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