Harman has had trouble recruiting a big-name editor to run Newsweek, while Diller has said publicly he thought the Daily Beast needed a print component no matter what.

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Big Issue founder and editor-in-chief John Bird has paid tribute to the two vendors and said everyone at the magazine was "absolutely devastated".

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Special Offer: Analyst and Editor Marc Gerstein scored big again for his subscribers: Mad Catz Interactive (MCZ) is up 246% since last November and PHC (PHC) is up 115% since July.

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