Ouch:
Barry Diller, the billionaire chairman of IAC/InterActiveCorp (IACI), said he regrets his decision to acquire Newsweek magazine, which he merged with the Daily Beast website in 2010.
“I wish I hadn’t bought Newsweek,” he said today in an interview on Bloomberg Television. “It was a mistake.”
Not sure why anyone would think a printed weekly magazine of news would have any commercial value today.
Ed Bott (@ wordpress.com) 
File under “duh”!
On a somewhat related note, I actually do kinda miss The Daily.