Baba
Shetty, the Newsweek Daily Beast Co. CEO, is leaving the company ahead of
Newsweek's planned sale, Tina Brown announced today in a company-wide memo.
Shetty, who was the chief of strategy and media at ad agency Hill Holliday when
he joined Newsweek in late 2012 and oversaw Newsweek's recent transition to a digital-only
magazine, is planning to take the summer off "to spend some time with his
family," Brown wrote. "We wish Baba great success in his future
ventures," she added.
NewsBeast
international publisher Rhona Murphy will return to New York as interim CEO.
Also getting a title upgrade is vp of operations Andrew Perlmutter, who has
been named general manager of business operations and development.