IAC - IAC Joins with Ben Sherwood and Joanna Coles in Strategic Partnership to Define The Daily Beast's Next Chapter | Benzinga
NEW YORK, April 15, 2024 /PRNewswire/ -- IAC (NASDAQ:IAC) announced a new strategic partnership today with Ben Sherwood and Joanna Coles to lead The Daily Beast. Effective immediately, Sherwood will serve as Publisher and CEO and Coles as Chief Creative and Content Officer. As strategic partners, both will share a substantial interest in the company. Specific terms of the partnership were not disclosed.
Embracing The Daily Beast's founding vision to deliver riveting journalism with bite and flair, the combination of Sherwood and Coles intends to revitalize the 16-year-old news and opinion platform as an indispensable source of scoops and scandals for the modern media age.
"These are tough times for digital journalism, but the combined experience, expertise and energy of Ben and Joanna have made me an optimist about their ability to make The Beast an enduring and successful enterprise," said Barry Diller, Chairman and Senior Executive, IAC.
"Timing is everything, and the current media hellstorm feels like the ideal moment to jump back into journalism," said Sherwood who left The Walt Disney Company in 2019 to start a sports technology platform. "Yes, everything feels upside down right now with ...