Daily Beast editor-in-chief Tracy Connor leaves after leadership change and stake acquisition; Hugh Dougherty appointed new executive editor.

Tracy Connor, Daily Beast's editor-in-chief, is leaving the company after a leadership change involving ABC executive Ben Sherwood and Hearst executive Joanna Coles acquiring a minority stake in the struggling news site. Former New York Post deputy editor Hugh Dougherty has been appointed as the new executive editor, marking a "transformation of the newsroom and business."