September 12, 2013 9:57 am

Tina Brown quits Daily Beast website

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Tina Brown attends the Newsweek & The Daily Beast 2012 Hero Summit at the United States Institute of Peace on November 14, 2012 in Washington, DC©Getty

Tina Brown, editor-in-chief of The Daily Beast, is to leave the online news outfit to form a new company called Tina Brown Live Media, bringing to an end her five-year reign at the organisation.

Describing her new venture as a home for “theatrical journalism”, Ms Brown said her new company would produce live events, panel discussions and debates, including the Women in the World conference, which she has run since 2010.

The news, announced to staff on Wednesday afternoon, comes after a period of strong growth at The Daily Beast since its launch in 2008. Named after a fictional newspaper in Evelyn Waugh’s book Scoop, the website has gained a strong following, partly through initiatives such as its “cheat sheet”, which summarises key news events from other titles.

The company said that, during the month of August, it had nearly 16m unique monthly visitors.

The company is owned by IAC, an internet company chaired by Barry Diller. In 2010 it acquired Newsweek, turning it into an entirely digital format late in 2012. The title has since been sold to IBT Media.

“Creating The Daily Beast at the original instigation of Barry Diller in 2008 has given me some of the most exciting and fulfilling years of my professional life,” Ms Brown told The Daily Beast. “I am enormously proud of what our brilliant editorial team has achieved at the Beast.”

“I leave The Daily Beast knowing it has never been better,” she continued. “There is in place a brilliant team of gifted editors and writers who will continue to win prizes, break important news and blaze a Beastly trail.”

Creating The Daily Beast at the original instigation of Barry Diller in 2008 has given me some of the most exciting and fulfilling years of my professional life

- Tina Brown, The Daily Beast

Ms Brown first shot to prominence as one of the youngest editors of Tatler, the UK high society magazine, before going on to edit the New Yorker and Vanity Fair. Last year, she took the historic decision with Mr Diller to close Newsweek’s print edition after 80 years and roll the title into The Daily Beast website.

In recent years, she has moved into organising conferences with the Women in the World conference that has attracted high profile politicians and business women including Hillary Clinton and Oprah Winfrey.

The Daily Beast will be overseen by Deidre Depke, managing director, and John Avlon, executive editor.

Ms Brown told The Daily Beast that she had informed Mr Diller this summer that she was leaving the company, saying she wanted to create live events that provide insight into the news.

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