Tina Brown isn’t quite the power she once was in the New York media world but the famed editor is always worth watching for what she comes up with next. Her departure from The Daily Beast to run a live events company is no exception.
Barry Diller, founder of IAC, clearly lost patience with the ongoing losses at the Beast. It is reported by AdWeek to be on track to lose $12m this year, even after ditching Newsweek, which Ms Brown tried and failed to turn round.
But, never daunted, Ms Brown, a former editor of Tatler, the New Yorker and Vanity Fair magazines, is setting up Tina Brown Live Media. A sort of newfangled conference business it will, according her press release, produce “sponsor-supported summits, salons and flash debates”.
The first question is: what on earth is a “flash debate”? The best explanation so far was provided to Erik Wemple of the Washington Post. A “source close to Brown’s negotiations” told him: “’It’s bringing a group of people together in a quick time period doing topics of the day.’” Read more