The Daily Beast has pulled out of talks to merge with Newsweek.
The Wall Street Journal reported today that “the talks broke down because the two parties couldn’t come to an agreement on governance and editorial control.”
Daily Beast editor Tina Brown just sent out this memo to her staff:
Hi guys, There’s a report on the WSJ now saying we have decided not to go forward in any more conversations with Newsweek. The engagement was fun but the pre-nup got too complex. We wish Newsweek all the best. The Daily Beast is on a tear and any partnership we think about has to build on that incredible growth. Onward and upwards!
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