Getting your Trinity Audio player ready…People Incorporated, which was previously known as IAC, is considering a sale of The Daily Beast as it refocuses its portfolio on People Inc. and MGM. This update, which was first reported by Axios, follows the publishing company’s prior effort to offload The Daily Beast several years back. Per Axios, given The Daily Beast is now profitable, People Incorporated has decided to explore possible sale options. Prior to Sherwood and Coles being brought on board, The Daily Beast reportedly lost $11 million in 2023. Given Sherwood and Coles, as well as Daily Beast President Keith Bonnici, scooped up a minority stake in the publication, there’s a possibility that the three of them could explore the option to buyout the current owners.