The Daily Beast will be run by former Disney executive Ben Sherwood, as well as by Barry Diller and his IAC company

Barry Diller teams up with Ben Sherwood and Joanna Coles to revamp The Daily Beast. Diller hopes to turn around his struggling online tabloid with the help of seasoned media moguls Ben Sherwicks and Joannas Coles. The new project is a collaboration between Diller and Coles, who have worked together for years.

Former Disney exec Ben Sherwood, Hearst veteran Joanna Coles to run The Daily Beast. Sherwood will serve as publisher and CEO and Coles as chief creative and content officer. IAC, the Barry Diller-owned company that controls The Beast, has landed a strategic partnership with Sherwood.