Barry Diller's cryptic comments yesterday about Newsweek have led to much speculation, some misquoting and downright erroneous reporting by the media, and charges of "scaremongering" from editor Tina Brown.
To help clear the waters, here is exactly what Diller, chairman of IAC/InterActiveCorp (Newsweek's majority owner), said about the iconic but money-losing magazine during the company's quarterly earnings call. He was responding to an analyst's question about the expenses IAC took on in...
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