Last year, IBT Media acquired Newsweek from IAC, hoping to use the magazine’s name to redeem the company’s reputation as a soulless content farm controlled, in part, by right-wing Moonie leader David Jang. In a lengthy profile of IBT founder Johnathan Davis, Guardian reporter Jon Swaine reveals that the 31-year-old entrepreneur believes in redeeming gay people, too:
Late last night, a lawyer named Ethan Kirschner, claiming to represent Dorian Satoshi Nakamoto, emailed a statement to several members of the media, including Reuters' Felix Salmon. In it, Nakamoto denies that he is, in fact, the "Satoshi Nakamoto" commonly credited with "inventing" Bitcoin. Here's what he says, in full:
Newsweek isn’t backing down. Hours after publishing Leah McGrath Goodman’s 4,5oo-word profile of a 64-year-old Temple City engineer named Dorian S. Nakamoto—who, Goodman claims, is the long-mysterious inventor of Bitcoin—the magazine faced a cascade of evidence contradicting the ambitious cover story of its freshly revived print edition. Nevertheless, its editor-in-chief tells Gawker that the publication stands by the story.
Another woman who had previously accused Bill Cosby of sexual assault has repeated her claim to Katie J.M. Baker, describing how she was "assaulted a number of times." A "source close to Cosby" characterized Baker's work to BuzzFeed as "a gal at Newsweek that's frisky, looking at some of these things."
The Women in the World Foundation, former Daily Beast editor Tina Brown’s very own charity, is nominally devoted to “driving solutions that advance women and girls.” According to its sole IRS filing, the New York Post points out, Women in the World spent the plurality of funds raised in 2011, totaling more than a million dollars, on throwing lavish gatherings for its director and her connected friends. That’s one kind of solution!
The dessicated, online-only husk of what was once a big magazine called Newsweek has finally been sold off (despite our explicit instructions not to buy it). For editor Tina Brown, it marks the end of a humiliating career defeat. Newsweek's downfall exposed all of Tina Brown's weaknesses, and won't hurt her a bit.