December 2, 2010 |
Media mogul Barry Diller will step down from his role as chief executive of IAC/InteractiveCorp, the company said Thursday, as he assumes the positions of chairman and senior executive. "It's been clear to me for some time that this company needs a full-time aggressive and aspirational executive in the CEO role," Diller said in a statement. Former Match.com CEO Greg Blatt will become IAC's chief executive. The news came as IAC and John Malone's Liberty Media Corp. announced that Liberty had agreed to exchange its 60% stake in IAC for all of the stock of a wholly owned subsidiary of IAC that holds the Evite and Gifts.
February 10, 2010
Coca-Cola Co. said Tuesday that its fourth-quarter profit rose 55% as sales grew in China and India. Net income increased to $1.54 billion, or 66 cents a share, from $995 million, or 43 cents, a year earlier, the Atlanta company said. Earnings per share matched analyst estimates compiled by Bloomberg. Revenue increased 5.4% to $7.51 billion, the company said. Sales by case volume grew 29% in China and 20% in India, helping boost global volume 5% and offsetting declines in North America.
July 28, 2009 |
Barry Diller, who warned last week at a media industry conference that the transition from old media to new media would be "bloody," is turning to Ben Silverman for help with triage.
April 30, 2009 |
The recession took a bite out of IAC/InterActiveCorp in the first quarter, as revenue fell 22% in the Internet company's media and advertising unit, which includes the Ask.com search engine. Shares of IAC advanced 69 cents, or 4.3%, to close at $16.65, however, as investors probably found solace in the fact that IAC slightly exceeded revenue estimates and said it bought back stock during the quarter. The New York-based company, headed by Barry Diller, said that in the first three months it lost $28.4 million, or 19 cents per share.
March 4, 2009 |
President Obama has named Julius Genachowski, a friend from Harvard Law School, as his nominee to chair the Federal Communications Commission. Genachowski was an advisor to Obama's campaign and has been a senior executive at Barry Diller's Internet conglomerate, IAC/Interactive Corp. Genachowski worked at the FCC as chief counsel to the chairman and as special counsel from 1994 to 1997. Genachowski's nomination was widely expected after leaks from the Obama succession team in January.
August 21, 2008 |
Ticketmaster is set today to become a stand-alone publicly traded company, just as the dominant seller of tickets to concerts and sporting events is about to lose its biggest customer. For five years, the West Hollywood-based company has been part of IAC/InterActiveCorp, owner of an assortment of Internet-based businesses. Under that umbrella, the subsidiary, which last year sold 141 million tickets valued at $8.3 billion, has done well. Over the last three years, Ticketmaster's revenue has grown at an annualized rate of 18% to $1.24 billion in 2007, with profit increasing at a 34% rate to $169 million.