Newsweek Expands Asian Presence with TStone Corp Partnership (Asia)

Source: PRNewswire

The Newsweek/DailyBeast Company LLC and TStone Corp, a Seoul-based private equity firm that focuses on media, education and financial services companies, are entering into a joint venture in Asia. The JV will create a pan-Asian media group with a focus on expanding the current Asian edition of Newsweek magazine through added local editorial focus and increased distribution. Financial details of the transaction were not disclosed.