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blog-stained wretches

The Daily Beast Officially Sheds Newsweek, Lays Off 20

The still-roaring Daily Beast is entering the post–Tina Brown era much slimmer after completing the sale of Newsweek to IBT and losing about twenty employees in the process. Capital New York reports that only one Newsweek staffer will join the new, very strict ownership, while the Daily Beast masthead is at about 65, down from some 300 at peak NewsBeast. In an optimistic memo, the site's executive editor reminded those remaining "that The Daily Beast is nominated for hottest news site by Adweek — so if you didn't vote yet, please do."

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