The Daily Waste

By , 29 April, 2009, 2 Comments

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)

2 Responses {+}
  • Wilson Edgar

    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!!!

  • HoboSpaceJunkie

    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.

Leave a Reply