Tina Brown, Barry Diller Plan Venture

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The New York Sun

The author of “The Diana Chronicles,” Tina Brown, is looking for a bite of the Internet apple, Radar Online reported yesterday, teaming up with the chairman and chief executive officer of IAC Interactive, Barry Diller, to launch a news aggregator Web site.

Ms. Brown told Radar the new site would be have “no ideological stance” and would be “a new take on an aggregator Web site.” She said the site will be edited by a former deputy managing editor of the Wall Street Journal, Edward Felsenthal, a consultant to Portfolio. She did not indicate when the site would launch. Radar reported rumors that two New York Times editors were asked to edit the site, but declined the offer.

Ms. Brown is a former editor of the New Yorker, Vanity Fair, and Talk magazines, as well as Britain’s the Tatler. “The Diana Chronicles” was published last summer, and she is currently at work on a biography of Senator Clinton and President Clinton, “The Clinton Chronicles,” which is expected to be published by Doubleday in 2010.

Mr. Diller’s partnership with Ms. Brown comes at a crucial time for IAC, which owns Ticketmaster, the online dating site match.com, evite, and LendingTree, among others. Mr. Diller recently won a court case against Liberty Media Corp. that will allow him to split the company into five parts. Stocks have risen in the week since the ruling, but have dropped 50% over the past year. The alliance with Ms. Brown, known as the queen of buzz, could help to revitalize the company.


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