Interactivecorp

Shares of Barry Diller's InterActiveCorp slumped as the electronic commerce company reported third-quarter earnings that disappointed investors. The company also said full-year results could fall short of estimates. The company, which owns Ticketmaster, Expedia and the Home Shopping Network, swung to a profit in the quarter ended Sept. 30, reporting net income of $18.7 million, or 2 cents a share, contrasted with a net loss of $36.6 million, or 8 cents, in the same period last year.

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.

InterActiveCorp, the e-commerce firm run by media mogul Barry Diller, reported a second-quarter profit and sharply higher revenue, boosted by its Expedia and Hotels.com travel services. Although analysts said the results were solid and met expectations, shares of the company -- which also operates cable shopping network HSN and ticket retailer Ticketmaster -- fell 7.7%, or $3.02, to $36.48 on Nasdaq. The company, formerly known as USA Interactive, posted quarterly net income of $92.

A Delaware judge ruled Friday in favor of IAC/InterActiveCorp Chief Executive Barry Diller in a dispute with Liberty Media Corp. that could help determine the fate of the company. The opinion from the judge said Liberty failed to prove Diller violated an agreement between them by pursuing a plan to break up IAC's Internet conglomerate into five parts. New York-based IAC owns such brands as Ask.com, Match.com, Evite and Citysearch.

IAC/InterActiveCorp, the Internet commerce and television-shopping company controlled by Barry Diller, said its second-quarter profit dropped 24% as marketing expenses rose. The company's shares tumbled as much as 17% on the news. Net income declined to $73.2 million, or 9 cents a share, from $96.2 million, or 16 cents, a year earlier, New York-based IAC said. Because of an accounting change, revenue slipped 1.7% to $1.5 billion, below the average analyst estimate of $1.58 billion.

InterActiveCorp, the Internet commerce company controlled by Barry Diller, on Monday posted a 5.3% increase in fourth-quarter profit as sales rose at Expedia.com and the company's other travel websites. Net income rose to $156 million from $148.1 million, the New York-based company said. Per-share earnings fell to 20 cents from 30 cents as InterActiveCorp issued stock to make acquisitions and paid preferred dividends. Revenue rose 36% to $1.8 billion.

Shares in InterActiveCorp fell Monday, as questions surfaced about its accounting for local taxes on hotel rooms bought at travel Web sites Hotels.com and Expedia. Shares of the e-commerce company, which is run by media mogul Barry Diller, ended down slightly after falling as much as 4.5%, touching their lowest level since mid-May. "This is not an issue that derails the overall business model," said Matthew Harrigan, analyst at Janco Partners Inc., who rates the stock a "buy."

Barry Diller's InterActiveCorp said Monday that it has agreed to buy Internet travel discounter Hotwire.com for more than $665 million in cash in a deal that would help round out IAC's portfolio of online travel companies. If the transaction is approved by regulators, San Francisco-based Hotwire.com would become part of IAC Travel, a new IAC division. It includes two of the Web's most prominent travel reservations sites: Hotels.com and Expedia.

Barry Diller's Internet empire got a little bigger Monday. InterActiveCorp said it purchased a 30% stake in ELong Inc., a Chinese online travel provider, for $60 million. New York-based InterActiveCorp also acquired securities that, if exercised, would increase its ownership in the Beijing-based company to 51%. The move fits InterActiveCorp's strategy of buying Internet companies that are "competitive on a time-sensitive basis," said Daniel E.

InterActiveCorp on Tuesday ended an agreement between its Hotels.com unit, which sells discounted rooms on the Internet, and Sabre Holdings Corp.'s Travelocity.com, and is shifting the business to its own Expedia Inc. travel site. InterActiveCorp, which is owned by Barry Diller, stopped offering hotel rooms on Travelocity.com because it said the site breached an agreement that gave Hotels.com the exclusive right to be featured.

Ticketmaster, the largest U.S. seller of sports and concert tickets, agreed to buy Get Me In, a British online ticket reseller. The purchase, announced by West Hollywood-based Ticketmaster, a unit of Barry Diller's IAC/InterActiveCorp, is at least the third deal in a month to expand Ticketmaster's business. Terms of the transaction weren't disclosed.

Motorcycles and sailboats helped Frank Gehry finally get a building here. The cycles came into play when veteran chief executive Barry Diller, now head of IAC/InterActiveCorp, joined an outing of the celebrity Guggenheim Motorcycle Club in Bilbao, Spain, the home, of course, to one of Gehry's best-known structures, the Guggenheim Museum.

IAC/InterActiveCorp., an Internet and media company run by Barry Diller, added features to the Ask Jeeves search engine and renamed it Ask.com, retiring Jeeves the butler from the website. Ask.com offers shortcuts to more than 20 search tools such as maps and a dictionary, New York-based IAC said. It also has a Web-based desktop-search function that allows users to access files and e-mails on their computers through a browser. A cartoon Jeeves appeared on the home page of the old site.

Billionaire Barry Diller's IAC/InterActiveCorp completed its purchase of Web search service Ask Jeeves Inc. in exchange for shares worth as much as $2.32 billion and won shareholder approval to spin off its Expedia travel unit. Diller paid stock for Oakland-based Ask Jeeves after the search company's shareholders approved the takeover, New York-based IAC said. IAC shareholders also voted to separate Expedia, which gives them stock in the No. 1 U.S. travel company.

Studio mogul-turned-Internet entrepreneur Barry Diller severed his remaining ties to Hollywood on Wednesday, agreeing to sell back to NBC Universal for $3.4 billion his company's minority stake in its movie studio, theme parks and TV cable channels. Diller's IAC/InterActiveCorp, owner of the Home Shopping Network and Expedia, was paid $1 billion in cash and got back 56.6 million shares of IAC valued at $1.4 billion that NBC Universal held, the companies said.

IAC/InterActiveCorp, the Internet commerce and television-shopping company controlled by Barry Diller, said its second-quarter profit dropped 24% as marketing expenses rose. The company's shares tumbled as much as 17% on the news. Net income declined to $73.2 million, or 9 cents a share, from $96.2 million, or 16 cents, a year earlier, New York-based IAC said. Because of an accounting change, revenue slipped 1.7% to $1.5 billion, below the average analyst estimate of $1.58 billion.

InterActiveCorp Chief Executive Barry Diller said his company's Citysearch unit was in talks with Google Inc., Yahoo Inc. and Microsoft Corp.'s MSN to provide local advertising to the three biggest search engines. The search engines all sell so-called sponsored search advertising, in which businesses pay for the right to have their Web sites listed prominently in search results. Citysearch would provide them with sponsored search ads from local businesses, Diller said. From Bloomberg News

InterActiveCorp, which owns Ticketmaster and a number of e-commerce websites, was granted rights to about $600 million in tax distributions in a dispute with Vivendi Universal by a Delaware court. New York-based IAC, which is controlled by Barry Diller, had argued that Vivendi Universal Entertainment, a combination of Vivendi's Universal Studios Inc. and IAC properties, owed it the tax distributions because IAC owned a stake in VUE.

Barry Diller's Internet empire got a little bigger Monday. InterActiveCorp said it purchased a 30% stake in ELong Inc., a Chinese online travel provider, for $60 million. New York-based InterActiveCorp also acquired securities that, if exercised, would increase its ownership in the Beijing-based company to 51%. The move fits InterActiveCorp's strategy of buying Internet companies that are "competitive on a time-sensitive basis," said Daniel E.

InterActiveCorp, which owns Ticketmaster and a number of e-commerce websites, was granted rights to about $600 million in tax distributions in a dispute with Vivendi Universal by a Delaware court. New York-based IAC, which is controlled by Barry Diller, had argued that Vivendi Universal Entertainment, a combination of Vivendi's Universal Studios Inc. and IAC properties, owed it the tax distributions because IAC owned a stake in VUE.