Daily Beast Cuts Newsroom Jobs as Newsweek Goes Online
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Newsweek/Daily Beast Co., the news company owned by Barry Diller’s IAC/InterActiveCorp, is cutting editorial jobs today as it turns Newsweek from a print magazine into an online-only publication.
Tina Brown, editor-in-chief and founder of the company, announced plans in October to cease publication of Newsweek by Dec. 31 and pare back newsroom staff. Those cuts began today, Brown said in a memo to employees.