MarketWatch:

Newsweek will merge in a 50-50 joint venture with the Daily Beast, the publications said Friday, a transaction designed to combine the magazine’s resources and depth with the Web site’s more sophisticated understanding of Internet culture.
The new entity will be called the Newsweek Daily Beast Co.
Sidney Harman, who acquired Newsweek from Washington Post Co. /quotes/comstock/13*!wpo/quotes/nls/wpo (WPO 392.78, +0.99, +0.25%) last summer, will own the venture equally with Daily Beast parent IAC/InterActiveCorp /quotes/comstock/15*!iaci/quotes/nls/iaci (IACI 28.00, -0.08, -0.29%) , which is headed by Barry Diller. Financial terms were not disclosed.

Newsweek Daily Beast Co. is too long a name. How about, “Weak Beast” instead?