Summit Notebook

Exclusive outtakes from industry leaders

Daily Beast staff ‘happy as clams,’ says Barry Diller


The journalists and staff who work at The Daily Beast don’t look at life like you other sad-sack scribes out there who are watching your job market wash out to sea with the ebb tide. In fact, they are happy in a particularly mollusk-like way.

“They’re as happy as clams,” said Barry Diller, chief executive of IAC/InterActiveCorp, which is financing the online news outlet with its editor, Tina Brown. “They wake up every morning filled with possibility.”

That’s because they are not working at sinking-ship news outlets like most of the rest of their colleagues in mainstream U.S. journalism.

Hear Diller on this, speaking at the Reuters Global Media Summit:

“Look at what’s going on in publishing. The talk about the destruction that’s taking place there. It’s the perfect time to start something that’s an original product. The Daily Beast is a daily newspaper or magazine. It’s primarily original and is there every day. It’s got real staff, making real money, paying a lot of them — journalists — to make things for us, make stories… They’re covering books, art, the daily features and national and international stories. And it’s incredibly ambitious. It’s gotten a real audience. It is absolutely an original product.”