Buried at the end of this article on Tina Brown and the shuttering of Portfolio is an interesting little tidbit:
The closure no doubt has Brown fretting over the $18 million her upstart Web venture the Daily Beast will cost Barry Diller’s IAC through fall 2011.
What the fuck? “The Daily Beast” cost $18 million? How? Why? For what purpose? This is worse than swine flu and the Great Depression and American cars combined, because who would spend $18—never mind $18 million—on a website that pays Meghan McCain to write for it?
“Tina Brown Terrified That Burning Money Now Frowned Upon” (Gawker)
WTF!!!!
No wonder there’s no money left in the world (except for the Chinese).
I wonder how much money these people would spend on trucknutz?
18 million for that website.. urgh!!!
I suspect that somewhere in the shadows is a person smiling knowingly who charged the naive & retarded Tina Brown $15 million to start up The Daily Beast & pocketed the $14,998,000 that was left over.