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.
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.
February 7, 2007 |
Barry Diller's media conglomerate, IAC/InterActiveCorp, which includes Home Shopping Network, Ticketmaster and CitySearch, said Tuesday that hefty charges had pushed down profit by 85% in the fourth quarter but revenue rose in each of its divisions. Net income after paying preferred dividends dropped to $16.7 million, or 5 cents a share, in the three months that ended Dec. 31 from $113.1 million, or 33 cents, a year earlier.
February 9, 2006 |
Internet conglomerate IAC/InterActiveCorp swung to a profit in the fourth quarter as acquisitions and strong growth at Ticketmaster and LendingTree boosted results. IAC, which also owns the HSN home-shopping network, Citysearch and recently acquired Ask Jeeves, said its online services group drove the quarter's growth with a 46% gain in revenue during the quarter. IAC earned $113.1 million, or 33 cents a share, improving from the 2004 quarter's loss of $45.9 million, or 13 cents.
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.
November 24, 2007 |
Media mogul Barry Diller said Friday that his Internet conglomerate, IAC/InterActiveCorp, would invest $100 million to expand in China by creating services designed for local users. Diller also said IAC would launch its Ask.com search engine in China within two years. IAC is looking for opportunities to develop or buy businesses geared to Chinese users, added Diller, IAC's chairman and chief executive. New York-based IAC's 30 Web brands include dating site Match.