Mike Isaac

Recent Posts by Mike Isaac

IAC Sells Newsweek (Sans The Daily Beast) to IBT Media

International Business Times Media has acquired the 80-year-old news publication Newsweek from IAC, the company announced on Saturday. The deal, which is expected to close in the coming days, does not include The Daily Beast, the online news website run by Tina Brown, which merged with Newsweek in 2010, also owned by IAC. Terms of the deal were not disclosed.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work