Chances of Newsweek-Daily Beast deal ‘at best 50-50′

The Wrap | New York Post

Both sides find the prospective union appealing from an editorial standpoint, reports Sharon Waxman, but the question remains whether there’s enough revenue for both entities. Newsweek’s revenues have been in steep decline, and the Daily Beast is a two-year-old start-up that’s been operating at a loss. || Keith J. Kelly: Joints venture talks “are in a serious stage.”

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