Newsbeast or Beastweek? →

A Newsweek-Daily Beast partnership joins three outsize personalities: Sidney Harman, the 92-year-old stereo mogul who recently bought Newsweek for $1; Barry Diller, the media magnate who finances The Daily Beast and a host of other Web properties; and Ms. Brown, whose various stints as a high-flying — and high-spending — editor over three decades have always drawn intense curiosity from the media business. One person who was involved in the deal said both publications would retain their separate identities. The arrangement is in many ways a win-win for both sides, with Mr. Harman getting a respected editor who will generate buzz around a magazine that many in the publishing world had left for dead, and Ms. Brown gaining an editing job back in a well-known publication.

Update

HuffPo illustrates: