Barry Diller: I Wish I Hadn’t Bought Newsweek

Image: Barry Diller: I Wish I Hadn’t Bought Newsweek

Monday, 29 Apr 2013 02:38 PM

By Lisa Barron

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Barry Diller, the chairman of Newsweek parent company IAC, stated Monday that he didn’t have “great expectations” for the future of the Daily Beast and Newsweek in their new digital-only format.

Speaking to Bloomberg News correspondent Willow Bay, Diller said that the company decided to adopt the model “because printing a single magazine is a fool’s errand, if that magazine is news weekly.”

Diller continued, “There are some one off magazines that have no competition in their field, luxury magazines, where advertisers must advertise in them," adding, “But for a news magazine — which is an odd phrase these days — news weekly, we have news instantly, and it was not possible to print it any longer.”

Rather than closing up shop altogether, Diller explained, “We said ‘okay, we’ll offer a digital product. We’ve got a very, very, very solid newsroom, and we’ll see.”

But he is far from optimistic about the future of the fledgling operation. “I don’t have great expectations,“ Diller revealed. “I wish I hadn’t bought Newsweek. It was a mistake,” he said.










© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Experts Warn That U.S. Is Heading For an Economic Crisis Worse Than 2008

Tuesday, 21 Oct 2014 11:26 AM

Special: Many inside the U.S. intelligence community fear a single flashpoint could sink America into
 . . .

WSJ: Midterms May Bring a GOP 'Wave' of Victories

Tuesday, 21 Oct 2014 11:21 AM

Most pundits have written off predictions that the midterms would be a "wave election" for Republicans, but The Wall Str . . .

Laura Ingraham: Obama Presidency Is 'Finished'

Tuesday, 21 Oct 2014 11:20 AM

The presidency of President Barack Obama is "finished," even though he can't admit it, which is why the president contin . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved