Newsweek/Daily Beast Loses CEO

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With whatever's left of Newsweek up for sale, chief executive Baba Shetty is not sticking around to see what happens and will instead "spend some time with his family," according to a Tina Brown staff memo today. Shetty, whose focus was "product development and digital growth," was on the job less than a year and probably won't be the last high-profile exit amid this round of massive changes.