Tina Brown has been making headlines regularly over the past few years, including for the guidance she provided in turning the venerated Newsweek magazine into a digital-only product. Now she's in the news again, this time for parting ways with IAC -- her financial backer -- and leaving The Daily Beast where she has long served as the editor-in-chief. Brown said in a statement that she will start Tina Brown Live Media, and will focus on growing her Women of the World conferences.
Brown will stay at her current position until her contract expires at the end of 2013. The announcement comes on the heels of IAC selling off Newsweek to IBT Media in August. It is not clear yet what Brown's decision to leave will mean to The Daily Beast, which she has edited since its 2008 start.