Log In   |  Register Free Newsletter Subscription
Skip navigation
Zibb
Subscribe to Multichannel News
RSS
Reprints/License
Print
Email

Diller’s Words Don’t Stay In Vegas

IAC Chairman Dishes On Company’s Split

By Mike Farrell -- Multichannel News, 5/25/2008 1:55:00 AM

Weeks after winning a sometimes-brutal court battle with Liberty Media, IAC/InterActiveCorp chairman Barry Diller was decidedly upbeat at the Goldman Sachs Internet conference in Las Vegas.

IAC chief Barry DillerDiller, who opened the conference on May 21 at 8 a.m. — a time he called a “crime against humanity” in Las Vegas — said that his plans to split IAC into five separate companies should unlock virtually unlimited growth potential for each of the businesses.

The road to the split became even easier earlier this month when Liberty said it would not own more than 35% of each entity after the split. Liberty also receives the right to elect 20% of the board of directors of each spun off company.

It was Diller’s decision to split IAC into IAC, Lending Tree, Ticketmaster, HSN and Interval International.

Diller didn’t gloat about his victory over Liberty, and only mentioned it in passing at the conference.

“We announced this [split] in December — we had a slight interruption that some of you may have heard about,” Diller said at the conference. “That’s over now.”

Diller said the split should be completed in August, adding that every month since the December announcement of the split has only reaffirmed his conviction to do the deal.

RSS
Reprints/License
Print
Email
Talkback
Related Content
More >>>

Reed Business Information Resource Center

Featured Company


Related Resources

Advertisement

Related Microsite Content

Related Links

More Content
  • Voices
  • Photos
  • Podcasts

Sorry, no blogs are active for this topic.

VIEW ALL VOICES RSS
HALL OF FAME WELCOME

2009 CABLE HALL OF FAME

Some snapshots from the 2009 Cable Hall of Fame induction, part of Cable Connection-Fall in Denver on Oct. 27.
HIGH ACHIEVER

2009 ACC FORUM

The Association of Cable Communicators headed west from Washington, D.C., to Denver as its 2009 Forum and Beacon Awards ceremony became part of Cable Connections-Fall festivities.
Curtain Rises

CTAM SUMMIT: DAY ONE

Snapshots from day one of CTAM Summit '09 in Denver. Photos by John Staley.

free marketing module graphic
Advertisement
Multichannel Subscription
NEWSLETTERS
Multichannel Newswire
HD Update
Cable Technology
VOD Newsletter
Hispanic TV Update
HD Programming
Multicultural Newsletter
B&C NewsCentral
Television Careers



Please read our Privacy Policy

About Us   |   Advertising Info   |   Site Map   |   Contact Us   |   Subscription   |   Affiliate Links   |   RSS
© 2009 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy
Please visit these other Reed Business sites