“I don’t have great expectations”

Ed Bott Journalism April 29, 2013 1 Minute

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.

Published by Ed Bott

Tech journalist. Author of 25+ books. ZDNET Contributing Editor since 2006. Contact info: https://edbott.com/contact-me/ View all posts by Ed Bott

Published April 29, 2013

One thought on ““I don’t have great expectations””

dmccall says:

April 29, 2013 at 2:18 pm

File under “duh”!

On a somewhat related note, I actually do kinda miss The Daily.

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