Power editor Tina Brown, the current EIC of
The Daily Beast, is parting ways with IAC, owner of the online magazine, per
BuzzFeed. Sources say IAC will not renew Brown's contract,
which expires in January. The future of
The Daily Beast is unknown — it may be sold, closed or search for a new editor to replace Brown, who became well-known in the U.S. as editor of
Vanity Fair and
The New Yorker. The split between IAC -- which owns such businesses as Match.com, Ask, and College Humor — and Brown comes just over a month after the sale of
Newsweek’s remaining assets to IBT Media. comScore figures said traffic to
The Daily Beast increased 15% year-over-year to 6.06 million unique visitors.
The Hollywood
Reporter cited a
Daily Beast representative saying advertising sales are up 22.5% year-over-year.