IAC/Interactive Corp Chairman and Founder Barry Diller discusses publishing and digital media at the Milken Global Conference on Bloomberg Television's "Bloomberg West."
“There are some magazines that have no competition essentially in their field, luxury magazines. Advertisers must advertise in them. But for a news magazine … it was not possible to print it any longer. So we said we will offer a digital product. We have a very, very solid newsroom, and we’ll see. I don’t have great expectations. I wish I hadn’t bought Newsweek. it was a mistake," Diller said.
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