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Recently two major media sales transactions involved properties associated with the Washington Post. The first was the sale of the Post itself to Jeff Bezos, the CEO of Amazon.com; the other was the sale of Newsweek/Daily Beast to IBT Media. Until its sale in 2010 to high-fidelity magnate Sidney Harman, Newsweek was part of the Washington Post’s media empire. Tina Brown launched the Daily Beast, a center-right version of the Huffington Post, in October 2008, which merged with Newsweek two years later. In a bid to capitalize on the Internet revolution, the print edition of Newsweek was terminated in December 2012 and all efforts were directed toward making the website a success. No doubt its failure had more to do with the stale content that Tina Brown was proffering, something no amount of new media gold sequins could rescue.
full: http://www.counterpunch.org/2013/08/09/bezos-tina-brown-and-the-future-of-the-washington-post/
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