Scoop: People Incorporated explores sale of The Daily Beast againAxios ^ | July 28, 2026 | Sara FischerPosted on by Red BadgerPeople Incorporated, formerly known as IAC, is exploring a possible sale of The Daily Beast as it looks to focus its portfolio around People Inc. and MGM, sources told Axios. A source told Axios that The Daily Beast lost $11 million in 2023. Of note: Sherwood, Coles and Daily Beast president Keith Bonnici were given a minority stake in the outlet when they were hired to revive it. Representatives from The Daily Beast and People Incorporated did not comment. by 3 posted onby frank ballenger (There's a battle outside and it's raging.