Newspaper article International Herald Tribune

A Celebrity in Publishing Decides to Call It Quits ; Tina Brown, Respected, If Not Always Loved, Is Switching Careers

Newspaper article International Herald Tribune

A Celebrity in Publishing Decides to Call It Quits ; Tina Brown, Respected, If Not Always Loved, Is Switching Careers

Article excerpt

The former publisher of Vanity Fair and The New Yorker announced Wednesday that she would step down as editor in chief of the Web site The Daily Beast and start her own conference company.

Tina Brown is leaving the world of publishing.

Ms. Brown announced Wednesday that she would step down as editor in chief of the Web site The Daily Beast and start her own conference company.

The departure will end, for now, her career as one of the magazine industry's best-known editors, one who received much acclaim for her stewardship of Vanity Fair and The New Yorker, then had less success with Talk magazine and the merger of The Daily Beast and Newsweek.

It will also end her publishing partnership with her financial backer, Barry Diller, the chairman of IAC/InterActiveCorp, which began in 2008 when the two joined to found The Daily Beast.

Ms. Brown, 59, said in a statement that she would start Tina Brown Live Media, which will focus on building up the Women in the World conferences she has been organizing and running for several years.

At a meeting with The Daily Beast staff members on Wednesday, Ms. Brown said that she would remain until the end of the year, when her contract expires.

"It has been wonderful to grow the Women in the World summit into such a powerful, independent brand within The Daily Beast, and now it will be even more exciting to see how it can expand and develop," Ms. Brown said in the statement.

An executive with direct knowledge of the negotiations said her split with Mr. Diller was friendly and that she had been saying for more than a month that she did not want to continue in such a stressful position into the new year.

It is unclear what Ms. Brown's departure means for the future of The Daily Beast. The Web site has lost millions of dollars since its inception, though Ms. Brown had projected that it would break even long before now. The executive, speaking on condition of anonymity because Ms. Brown was handling the public announcement, said it was unlikely the Web site would be closed.

Ms. Brown said The Daily Beast "has given me some of the most exciting and fulfilling years of my professional life," adding that she was "enormously proud" of what the Web site had achieved. …

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