Roundup: IAC to split, new Time Warner CEO, and more
Here’s the latest action:
1) IAC splitting into five companies
2) Sea change ahead for Time Warner
3) Google’s merger plans may be foiled by the EU
4) Synthasite launches website creation
5) Whrrl opens local opinion site
6) Internet users like their free stuff
7) Andersen exacts revenge on PR flacks
IAC to split properties into five companies — IAC, the large parent company of Ask.com, is splitting into five separate publicly traded companies: Home Shopping Network, IAC, Interval International, Lending Tree… Continue Reading
Interactive Corp opens venture arm, but how long will it stay?
(Update: IAC’s venture arm will be called Primal Ventures)
IAC, the New York media conglomerate run by Darry Diller, and owner of Match.com, Ticketmaster and Evite.com, is opening up a venture capital investment arm in San Francisco.
It will be run by Match.com’s chief executive Jim Safka, according to the Mercury News. Safka will focus investments on companies in the wireless, video, recruitment and consumer health areas — all fairly predictable areas, given that they are… Continue Reading
Diller calls New York Times “loony,” Internet companies over-valued
Barry Diller, chairman and chief executive of InterActive Corp., the large Internet conglomerate (owner of Expedia, CitySearch, Evite, Ask) responds to the accusation by New York Times columnist Nicholas Kristof that his $469 million salary is too high, and that he is lazy.
Diller (pictured here, at right) calls the New York Times’ editorial policy on executive compensation “loony.” The original Kristof column is here (ignore the photo in the link’s article; the Sun-Sentinel has… Continue Reading