Out of his hair: Diller selling Newsweek to IBT

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Barry Diller’s IAC/Interactive Corp is finally unloading Newsweek, less than two years after he bought into the troubled newsweekly. The new owner is IBT Media, which publishes the International Business Times. Terms of the sale were not disclosed.The new owner plans to continue it as a digital-only… …read more
Source: NY Post

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