Staff Turnover at The Daily Beast Due to Buyouts

The Daily Beast is experiencing significant staff turnover due to voluntary buyouts, with nearly 70% of unionized staffers leaving. The outlet is also expecting further layoffs among non-union editorial staff. The Daily Beast Union negotiated the buyouts and a collective bargaining agreement with management.

The Daily Beast under new leadership of Joanna Coles

Joanna Coles takes over as chief creative and content officer at The Daily Beast, making controversial decisions and clashing with staff. She aims to revitalize the publication but faces challenges from the team and uncertainty about the future direction of the company.

The Daily Beast turnaround strategy

Barry Diller is making a major push to turn around The Daily Beast by bringing in media veterans Ben Sherwood and Joanna Coles to lead the publication, with a focus on profitability through subscriptions, advertising, and events.

Sale of Minority Stake in The Daily Beast

Barry Diller sells minority stake in The Daily Beast to Ben Sherwood and Joanna Coles, securing the future of the publication. Sherwood to serve as publisher and CEO, Coles as chief creative and content officer. The deal aims to revitalize the outlet through subscriptions, advertising, and events.