May 3, 2006 |
IAC/InterActiveCorp, the Internet and media company run by Barry Diller, said Tuesday that first-quarter profit fell 32% because of a sales decline at cable shopping network HSN and the spinoff of Expedia Inc. Net income at the owner of LendingTree.com and Ticketmaster fell to $47.2 million, or 14 cents a share, from $68.9 million, or 19 cents, a year earlier. Revenue rose 36% to $1.55 billion with the purchase of Cornerstone Brands Inc. and Ask.com, New York-based IAC said.
August 3, 2005 |
IAC/InterActiveCorp, the television and Internet services company owned by Barry Diller, said second-quarter profit rose almost ninefold on the sale of entertainment assets and revenue gains at the LendingTree.com mortgage unit and HSN home-shopping network. Net income jumped to $618.1 million, or 89 cents a share, from $69.9 million, or 9 cents, a year earlier. Sales topped analysts' estimates, climbing 34% to $1.96 billion, New York-based IAC said.
May 5, 2005 |
Barry Diller's IAC/InterActiveCorp, owner of Expedia and LendingTree.com, said first-quarter profit surged 74%, helped by a rise in travel bookings and loan refinancing. Net income rose to $72.2 million, or 9 cents a share, from $41.5 million, or 5 cents, a year earlier, the New York-based company said. The per-share profit is after payment of preferred dividends. Sales at IAC, which also owns home-shopping network HSN, climbed 14% to $1.65 billion.
March 29, 2005 |
IAC/InterActiveCorp, billionaire Barry Diller's Internet company, will give $250 million in cash to its Expedia unit to provide it with capital when it is spun off as a public company. Expedia, which will consist of travel businesses Hotels.com, Hotwire, Expedia.com and other websites, will have a revolving credit line of $500 million at the time of the spinoff, New York-based IAC said in a filing Monday with the Securities and Exchange Commission. Diller on Dec.
March 2, 2005 |
Barry Diller's IAC/InterActiveCorp, owner of Expedia and the HSN home shopping network, agreed to buy Cornerstone Brands Inc. for $720 million to gain ownership of catalogs including Ballard Designs and Garnet Hill. Cornerstone Brands, founded in 1995, is being sold by an investment group including Madison Dearborn Partners and J.P. Morgan Partners. The company will be added to IAC's electronic retailing and HSN business, New York-based IAC said. Shares of IAC rose 73 cents to $22.23 on Nasdaq.
February 17, 2005 |
Barry Diller's IAC/InterActiveCorp, owner of Expedia and the HSN home-shopping network, posted a fourth-quarter loss of $42.6 million after writing down the value of some assets. Revenue from the company's travel businesses fell short of analysts' expectations. The net loss of 7 cents a share contrasted with net income of $156 million, or 20 cents a share, a year earlier, the New York-based company said. Sales fell 4.9% to $1.72 billion because of a change in accounting for Hotels.com revenue.