IBT Media to Buy Newsweek From Diller's IAC

IBT Media to Buy Newsweek From Diller's IAC Play

Aug. 5 (Bloomberg) -- IBT Media said it’s buying Newsweek from IAC/InterActiveCorp, splitting it from the Daily Beast brand, and plans to make it profitable. Bloomberg's Edmund Lee reports on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

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