Posts tagged Daily Beast
70% of Unionized Daily Beast Staffers Take Buyouts as Layoffs Loom
June 19, 2024 // The Daily Beast Union has 37 members. In addition to the buyouts, the union has negotiated a tentative two-year collective bargaining agreement with management that will benefit all members regardless of whether they are taking a buyout. In the agreement, the union secured retroactive pay increases from January 1 for all members. In April, former ABC executive Ben Sherwood and former Hearst executive Joanna Coles were granted a minority stake in the news site, with Sherwood serving as CEO and Coles serving as chief content and creative officer. Since its creation in 2013, The Daily Beast has lost owner Barry Diller tens of millions of dollars.