WSJ:
The Daily Beast news and commentary website has withdrawn from talks with Newsweek magazine about a possible merger between the two news organizations, according to a person familiar with the matter.
The two parties have been discussing a deal that would make Daily Beast co-founder and co-owner Tina Brown the editor of Newsweek on top of her existing editorial duties at the website. In recent weeks, talks have centered around the specific roles of Ms. Brown, new Newsweek owner Sidney Harman and Barry Diller, chairman and chief executive of Daily Beast owner IAC/InterActive Corp.
And I was so looking forward to the DailyNewsWeeklyBeast.