[2][3][4][5] She was previously a senior editor for the Huffington Post and a special correspondent for Bloomberg Television.

[15] Bay is the author of a book titled Talking to Your Kids in Tough Times: How to Answer Your Child's Questions About the World We Live In (2003).

News and the Huffington Post, she interviewed Warren Buffett and President Bill Clinton for the Newsmaker series.

[17][18] In July 2024, Bay and her husband, Bob Iger, agreed to take a majority stake in Angel City FC, a Los Angeles-based National Women's Soccer League (NSWL) team, with a $100 million investment.

[19][20] Bay has two sons and two step-daughters with her husband, Bob Iger, the ex-chairman and current CEO of The Walt Disney Company, whom she married in 1995, following his divorce in 1994.