Tina Brown Starts New Company

After five years building The Daily Beast, editor in chief Tina Brown announced on Wednesday she is leaving the site to launch her own company, Tina Brown Live Media, which will produce live events, including the Women in the World summits and debates and discussions off the news. The Daily Beast, which won this and last year's Webby award as the best news site, will remain under the auspices of IAC and be run by managing director Deidre Depke and executive editor John Avlon. “Creating The Daily Beast at the original instigation of Barry Diller in 2008 has given me some of the most exciting and fulfilling years of my professional life,” Brown said. “I am enormously proud of what our brilliant editorial team has achieved at the Beast.”