IAC’s Diller Says Decision to Buy Newsweek Was ‘Fool’s Errand’

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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.”































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