Ben Sherwood, the former president of Disney-ABC Television Group and ABC News, and Joanna Coles, the former chief content officer of Hearst Magazines, acquired a minority stake in the company.
In April, Sherwood and Coles inked a deal to lead The Daily Beast, under which the media veterans were granted a 49% stake in the news and opinion site. Sherwood, a former president of the Disney ...
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