Tina Brown's Daily Beast to Lose $12 Million This Year
The news for Tina Brown continues to go from bad to worse.
Following her failure to turn Newsweek around, it was reported Monday that her online magazine The Daily Beast is expected to lose $12 million this year.
[T]he Beast is believed to be on track to lose as much as $12 million this year, per knowledgeable sources, and IAC chief Barry Diller’s goodwill may be running out. He already publicly showed he’s losing patience for losses, infamously saying it was a “mistake” to buy Newsweek.
With the continually plummeting ratings of MSNBC, is it possible the public's desire for obviously liberal propaganda is waning?
The other question of course is what is Brown's future?
Her contract is up in January, and there are those that believe her days as the Beast's editor-in-chief are numbered.