NEW YORK (

TheStreet

) --

Newsweek.com

staffers

have taken to Tumblr

to speak out against

Newsweek

and

The Daily Beast

joint company CEO Stephen Colvin's plans to discontinue the magazine's Web site once the merger is complete.

"Newsweek.com will cease to exist after the merger," Colvin said in the

New York Times

on Saturday. "Readers who type that URL into their browser will be redirected to TheDailyBeast.com, where

Newsweek

content will be housed."

Last week the two news outlets

announced plans to merge

. The joint venture will be equally owned by

Newsweek

owner Sidney Harman and Barry Diller, CEO of

The Daily Beast's

parent company

IAC/InterActive

(IACI)

. Tina Brown, co-founder and editor in chief of

The Daily Beast

, will also become the new editor in chief at

Newsweek

magazine.

In response to Colvin, an anonymous group of

Newsweek.com

employees created a Tumblr page titled "Save Newsweek.com -- A Defense of Newsweek.com."

The blog has one post dated Nov. 14 explaining why it "would be a mistake to close the award-winning Web site of

Newsweek

magazine."

The anonymous author wrote that by merging the two sites, the new company will likely lose visitors. While the venture hopes the

Beast

will absorb

Newsweek's

5 million unique monthly visitors, the author points out that more than 60% of

Newsweek's

visitors come in through its partnerships with MSNBC and MSN, as well as its social networking connections.

"Tina Brown is a legend, and we're excited for her, and the future of

Newsweek

," the post reads. "But if she does make the decision to fold

Newsweek.com

, here's what we hope everyone remembers: In the face of indifference, condescension and even outright hostility from its print counterpart; with little to no resources... the small but tireless staff at Newsweek.com consistently created editorial work that made waves."

"Whatever happens to

Newsweek

," the post concluded, "we are all proud to have played a part in that."

In response to the Tumblr page and the reports that followed,

Brown tweeted

, "Woah! Newsweek.com's superb content will live on under its own banner & in URLs on the new site. Not shutting down, combining."

-- Written by Theresa McCabe in Boston.

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