05/17/2011 02:28 pm ET Updated Jul 17, 2011

Tina Brown: Newsweek/Daily Beast Will Make Money In 'Two To Three Years'

The Daily Beast, Brown reminded her questioner, was conceived in 2008 on a five-year business plan, "on which we are very, very handsomely along the way." Newsweek, meanwhile, "is an iconic global brand," one that landed 40 new ad campaigns in 40 days earlier this year, she said, "so we have absolute confidence, given this new world we're in, given the energy of the Daily Beast digital brand, that we can reactivate Newsweek."

And now for the short answer: "In the next two to three years," she said. Kelly repeated her answer for confirmation; Brown nodded.

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