IAC Said to Be Considering Daily Beast Sale After Brown Exit

By: Sarah Frier | Bloomberg

IAC/InterActiveCorp (IACI) Chairman Barry Diller is considering selling the Daily Beast following the departure of Tina Brown, who helped start the news website in 2008, a person with knowledge of the matter said.

Brown, who served as the Daily Beast’s editor-in-chief, had explored the idea of a sale with Diller before announcing her departure yesterday, said the person, who asked not to be named because the deliberations are private. The company hasn’t made any formal moves to shop around the business, the person said.