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Media Watch: IAC's Barry Diller, Sorry He Bought Newsweek, Puts It Up for Sale

News

Surprise! IAC's canny CEO Barry Diller is putting 80-year-old Newsweek up for sale. Diller regrets, he told Bloomberg TV, making the deal to invest in Newsweek with investor Sidney Harman, who had bought the flailing weekly newsmagazine from the Washington Post for $1 plus liabilities--"it was a mistake,” Diller said.

By Anne Thompson
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May 29, 2013 3:23 PM
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Television

Over the decades Hollywood has feared and tried to spurn most new technology -- television, video cassette recorders, cable, digital video recorders, and internet access to its goodies. The newest object of its fear is Aereo -- which uses thousands of tiny individual antennas to capture and stream to subscribers free TV channels without paying retransmission fees. Aereo, which, like DVRs, allows subscribers to fast forward past commercials, won big in the Second Circuit Court of Appeals 10 days ago when the court refused to issue an injunction against it.

By Aljean Harmetz
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April 10, 2013 1:03 PM
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News

Media titan Barry Diller and uber-producer Scott Rudin are joining forces for a new e-book publishing house, Brightline; they are partnering with Brooklyn-based start-up Atavist, already well known for publishing long-form articles for tablets.

By Beth Hanna
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September 19, 2012 12:58 PM
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Summer in Sun Valley: Moguls Convene at Herb Allen's, Murdoch Ducks

It's been hard for NewsCorp. chairman Rupert Murdoch to relax this week at investment banker Herb Allen's 29th annual Sun Valley mogul retreat, which launched July 5 and lasts for five days. Murdoch is under too much fire with the News of the World bugging scandal threatening to derail his long-planned BSkyB takeover bid--even after he opted to kill the tabloid.