Stubbs Alderton & Markiles, LLP, led by Greg AkselrudKelly Siobhan Laffey, and Jared Brenner, guided Ex-Disney ABC TV Chief Ben Sherwood and Former Head of Hearst Content Joanna Coles in their ascent to leadership at IAC’s news website The Daily Beast. In a strategic move that marks a significant shift at the popular news site, Sherwood and Coles will own about half of The Daily Beast's equity going forward. Sherwood, with his success at the helm of Disney and ABC News, steps into the role of Publisher and CEO while Coles, renowned for her editorial prowess at Marie Claire, Cosmo and Hearst, assumes the position of Chief Creative and Content Officer. This partnership signals a strategic move for The Daily Beast, aligning seasoned industry veterans with the platform's vision for innovation and growth.

Stubbs Alderton & Markiles' involvement in facilitating this deal underscores the firm's commitment to guiding transformative events in the media landscape. The stage is now set for The Daily Beast to embark on a new chapter of innovation and impact under Sherwood and Coles' leadership.

To read more about the transition in Variety, click here.

To read more about the transition in the New York Timesclick here.