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They weren't able to figure out a power-sharing arrangement that would merge the two news organizations, reports the WSJ. Too many egos is this stew - Sidney Harman, who just bought Newsweek, Barry Diller, who owns the Daily Beast, and Tina Brown, who is editor of the Daily Beast.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Bobcat crossing
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.