Barry Diller does not intend to shut the Daily Beast, but is looking to make the site much more digitally savvy going forward, TheWrap has learned.
According to a highly-placed insider, Diller still very much believes in DB and its potential for success, but wants it to lose its print magazine-like feel and become a truly web native enterprise. He’s looking for an editor in chief with digital chops, and will almost definitely choose him or her from DB’s ranks, the individual said.
Another individual with knowledge of IAC’s plans told TheWrap that Diller is doing more than hoping DB will continue — he’s planning on it.