InterActiveCorp

Barry Diller is the CEO of InterActiveCorp.

InterActiveCorp (IAC) is a force in electronic commerce, both on television and online. The company owns the Home Shopping Network (HSN), along with Ticketmaster, Citysearch and Match.com among many other services (see the list below).

Home Shopping Network is one of the leaders in American television direct retailing, although as measured by total sales it is second to QVC, a service of Liberty Media Corporation. Other competing services include Shop at Home (from E.W. Scripps Co.) and ShopNBC (from NBC Universal).

Home Shopping Network had total revenues of $2.38 billion in 2004. As a group, TV retailers had 2004 revenues of about $7 billion. In a 2003 report, Morgan Stanley & Co. estimated that about 12% of the U.S. population watches home shopping services on TV.

In July 2005 the company decided to spin off the online travel business Expedia, making it an indepedent company.

Also in July 2005, InterActiveCorp bought search engine Ask Jeeves, continuing a long history of acquisitions, divestitures and related financial gymnastics.

CEO Barry Diller has been criticized for richly compensating himself - to the tune of $469 million in 2005 - to run the company.

The company had revenue of $6.2 billion in 2004.

Contact Information

Web Site:	www.iac.com
Email:	info@iac.com
Telephone:	212.314.7300
Fax:	212.314.7379
Address:	152 West 57th Street 42nd Floor New York NY 10019 USA

National Media Properties

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Home Shopping Network (HSN)

Other InterActiveCorp Properties

Ask Jeeves
Citysearch
Entertainment Publications
Evite
GetSmart
Gifts.com
Hotels.com
Hotwire.com
Lending Tree
Match.com
RealEstate.com
ServiceMagic
Ticketmaster

Comments about InterActiveCorp

Comments to date: 1. The most recent comments are below.


Media Owners editors Boulder, Colorado USA	Posted at 3:52pm on Friday, September 25th, 2009
IAC has loads of cash, CEO Barry Diller said on September 15, 2009. Bloomberg reported: "IAC/InterActiveCorp, the operator of the Match.com dating Web site and Ask.com search engine, will use its cash to continue repurchasing stock, Chief Executive Officer Barry Diller said. Diller said in an interview yesterday that he has no plans to make any major acquisitions and has “zero interest” in buying a stake in General Electric’s NBC Universal. Vivendi SA, the Paris-based media company, has an option to sell its 20 percent stake in NBC between mid-November and early December. GE owns the remaining 80 percent. The 67-year-old Diller said he would rather invest in IAC’s businesses than acquire large media companies, which he sees as overvalued. The New York-based company had $1.61 billion in cash and $95.8 million in long-term debt as of June 30. Diller said on July 29 that the company had repurchased $300 million in stock since August 2008." The full story: www.bloomberg.com/apps/news?pid=20601103&sid=aMXfQT71eBcM

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