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Tina Brown, late of Vanity Fair and the New Yorker, has hooked up with Barry Diller to launch a news aggregation website.
With a buzzy-heavy bio of Bill and Hill due soon, Brown will partner with Diller’s InterActiveCorp for a site to be edited by former Wall Street Journal deputy editor Edward Felsenthal. There were few details offered about the launch date or the site’s raison d’etre. Brown did tell Radar Online that the site will have “no ideological stance.”
Brown, who is pals with the Huffington Post’s Arianna Huffington, may have been spurred to action by the knowledge that Huffington’s lefty portal is worth $200 million (via The New York Times).
The Brown pairing with Barry Diller’s IAC comes at an interesting time in IAC’s history. Diller recently wrested control of IAC from Liberty Media Corp’s John Malone but has seen his company’s value plummet from $22 billion to $7 billion in five years. Several of IAC’s web initiatives have tanked, including search engine Ask, political humor site 23/6, and FiLife.
It will be interesting to see if Brown will bring her Vanity Fair mojo or Talk magazine bad juju to the venture.
Broadcasting company Radio One has struck a deal to sell ads on hip-hop news site AllHipHop.com.
The agreement spans five years and gives Interactive One, Radio One’s digital division, exclusive access to AllHipHop’s ad inventory, writes MarketingVox. AllHipHop boasts five million…
Tribune Co.’s sale of Newsday to Cablevision allows Tribune and its new chairman, Sam Zell, to put $600 million in expected cash proceeds toward its roughly $13 billion debt. This buys Tribune Co. more time to implement plans to turn…
Apple’s new model of the iPhone, which will provide 3G access and faster data connection speeds, is imminent, if the shortage of the current model means anything.
Apple’s website announced yesterday that the company is out of stock on previous…
NBC’s unusual upfront garnered mixed reviews from the media crowd; some blamed the network for using the new format to draw attention away from a weak programming slate, while others liked the innovative format.
Yesterday’s upfront event drew advertisers through…
Sirius losses shrunk in the first quarter, while XM’s losses widened, the companies announced yesterday, in what they hope will be their last quarterly financial reports as stand-alone companies.
Sirius’s loss of $104 million was an improvement over last year’s…
Budget Travel magazine is allowing readers to frolic through its pages in a whole new way: nearly all of the text and photography of the June issue was generated by readers.
The magazine pulled in 2,800 pitches, for a final…
