IAC’s Diller Says Decision to Buy Newsweek Was ‘Fool’s Errand’
Posted: 4/30/2013 | By: Edmund Lee & Christopher Palmeri | Businessweek
Barry Diller, the billionaire chairman of IAC/InterActiveCorp (IACI), said he regrets buying Newsweek magazine, which he merged with the Daily Beast website in 2010.
“I wish I hadn’t bought Newsweek,” Diller, 71, said yesterday in a Bloomberg Television interview. “It was a mistake.”
“I wish I hadn’t bought Newsweek,” Diller, 71, said yesterday in a Bloomberg Television interview. “It was a mistake.”