The Daily Beast is seeking to quash rumors that it will shut down following Tina Brown’s departure. The company’s interim CEO, Rhona Murphy, said Friday that the site “is not for sale and is not closing.” Parent company IAC has “approved in concept” the site’s operating budget for 2014, and it’s getting a redesign. Also, the Daily Beast “averages more than 15 million unique visitors a month, according to Omniture, and traffic is up 22 percent this year alone.” IAC CEO Barry Diller praised Brown’s tenure at the site, “even throughout the two unfortunate Newsweek years.”
Related research and analysis from GigaOM Pro:
Subscriber content. Sign up for a free trial.
- The Xbox One’s role in the TV ecosystem
- Retail’s reinvention: technology’s impact on today’s supply chain
- Flash analysis: Xbox One