Branded digital properties like the Daily Beast provide jobs for writers. If the enterprise folds, those jobs vanish. Sure they might pop up somewhere else since media have many start-ups. But most of the writers will scramble and some may might find it difficult to find comparable compensation.
So, it's good news to scribes at the Daily Beast that the show isn't folding. At least not yet. NEW YORK OBSERVER reports that interim chief executive officer Rhona Murphy said that that parent IAC has an ongoing budget in-place.
Earlier it had been announced that current head the iconic Tina Brown would be leaving around January. When she took the leadership position many wondered if an old print princess could make that transition to digital. Unlike the long form print (VANITY FAIR, THE NEW YORKER) in which she reinforced her brandname, digital is short, in-the-face, and immediate. The quality isn't literary.