Ben Sherwood and Joanna Coles have acquired a 49% minority stake in The Daily Beast and will take on executive roles. Sherwood becomes CEO, while Coles is appointed chief content and creative officer. The deal is part of a strategic partnership with Barry Diller's IAC. The move aims to revamp and lead The Daily Beast under their leadership.
Inside the Daily Beast revamp: an ax-waving boss, dog pee on the carpet and Barry Diller ‘scurrying around’ https://t.co/Zo202b4tcq https://t.co/3TZGvxF68i
Barry Diller has hired two media industry veterans to run The Daily Beast and granted them a stake in the outlet: 👤Ben Sherwood, former president of Disney's ABC Television Group 👤 Joanna Coles, former Hearst Magazines content chief https://t.co/cYUzfybKfc
Barry Diller teams up with Ben Sherwood and Joanna Coles to revamp The Daily Beast https://t.co/oysUFK9bIN https://t.co/bUWsAngiwA
Daily Beast Shakeup: Barry Diller Taps Two Media Vets To Turn Site Around https://t.co/csehTjM4Gh
Barry Diller's IAC taps media vets to run The Daily Beast https://t.co/q9pK40GXWf
Former Disney Exec Ben Sherwood, Joanna Coles To Run The Daily Beast In Strategic Partnership With Barry Diller’s IAC https://t.co/4Ylsnk9K4o
Daily Beast to Be Led by Ex-Disney ABC TV Chief Ben Sherwood, Former Hearst Content Boss Joanna Coles in Deal With IAC https://t.co/JIGeRQ0xdW via @variety
Daily Beast to Be Led by Ex-Disney ABC TV Chief Ben Sherwood, Former Hearst Content Boss Joanna Coles in Deal With IAC https://t.co/q0gUFgOCNP
Former Disney TV Chief Ben Sherwood and Cosmopolitan Editor Joanna Coles to Take Over The Daily Beast https://t.co/H1D569E9Lf
The Daily Beast Minority Stake Acquired by Ben Sherwood and Joanna Coles, Who Will Take Executive Roles https://t.co/qESMXOKo7T
On Friday & again on Saturday, @PuckNews reported that Ben Sherwood & Joanna Coles were going to take a 49% minority stake in The Daily Beast, and run it for IAC… https://t.co/uYsSYwAbA0 Here below is the formal announcement of that deal, provided to @nytimes for this… scoop: https://t.co/v9B7Q4pOhc
scoop — Ben Sherwood is CEO of The Daily Beast, effective immediately, and Joanna Coles is its chief content and creative officer. Story here: https://t.co/beoaFXbJZz