Why the Newsweek-Daily Beast deal fell apart

New York
The joint venture started to look like a takeover to Newsweek owner Sidney Harman, reports Steve Fishman. Daily Beast president Stephen Colvin would be Newsweek’s president, and according to the proposed governance structure, Tina Brown wouldn’t even report to Harman but to an independent board. || How Newsweek lost Fareed Zakaria to Time.

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