Newsweek offline + online is the future, says Barry Diller

July 27, 2011

Many of you  might have forgotten IAC/InteractiveCorp’s Daily Beast and Newsweek agreed to merge operations last November to create a new entity called, well…  Newsweek. And that would be understandable as it’s been pretty quiet till this week’s interview scoop with the former IMF chief Dominque Strauss-Kahn’s accuser.

Friday’s Media and Technology Roundup

June 25, 2010

Fans scramble for Apple’s iPhone upgrade-Reuters

“Apple fans lined up overnight by the hundreds outside stores in the United States, Europe and Japan to snap up the latest iPhone, setting a new benchmark in the fast-growing smartphone market,” writes Franklin Paul, Marie Mawad and Sachi Izumi.

Live blog from the Reuters Global Media Summit

November 30, 2009

Reuters reporters will be sending live updates from interviews with guests including Disney’s Anne Sweeney, IAC’s Barry Diller, WPP’s Martin Sorrell, Sirius XM’s Mel Karmazin and more.

from Summit Notebook:

What will the media company of the 21st Century look like?

November 27, 2009

In the run-up to the annual Reuters Media Summit, taking place in New York and London next week, we have been asking experts and executives how they think media companies should reinvent themselves for the 21st Century.

IAC starts spending some of its cash on more dating sites

July 8, 2009

IAC chief Barry Diller has spent the last year building and then sitting on a pile of cash, which rose to $2 billion in the first quarter — only some $400 million less than its entire market cap of $2.4 billion. Journalists and Wall Street have asked Diller repeatedly how he intends to use the cash. A big M&A move perhaps? A generous one-time dividend maybe? Or share buybacks?******Diller is focused on adding to his empire of Internet units in small increments rather than making major acquisitions. That empire includes dating site, search engine, event planning site evite and many others.******Here’s Diller back in April on the first quarter conference call with analysts: “While I can’t say what we’ll do, obviously, other than invest in the businesses we have, because we believe they’re worthy of investments, relatively small scale, we’re open but I am actually not optimistic about being able to extensively spend the enormously large amounts of cash that we have. It could change on a dime, but there it is at the moment.”******True to his word said on Tuesday it has signed an agreement to buy People Media, an operators of targeted dating sites for $80 million in cash from American Capital Ltd.******People Media owns 27 dating sites incluing, and with a combined 255,000 paying subscribers.  IAC said People Media generated $11.6 million in earnings before interest, taxes, depreciation and amortization (EBITDA) in 2008.

Pay TV: Shelter from the storm?

February 3, 2009

Safe haven. Two magical — and mysterious — words. Cable and satellite companies didn’t fit the safe haven bill in 2008, but 2009 just may be there year.

from Summit Notebook:

Diller to profitable companies: Lay off the layoffs

December 4, 2008

IAC Chief Executive Barry Diller took several groups to task at the Reuters Media Summit, but he reserved special disgust for CEOs at profitable companies who add to the country's rising unemployment rate.

NBC winning big in the games

August 11, 2008

swim.jpg NBC is putting up big numbers so far in the Olympics.

Start with the opening ceremony. While some complained that the event couldn’t be seen live in the United States, the move to delay the broadcast and run it during prime-time paid dividends. Some 34 million viewers tuned in, up about 35 percent since the last summer games.

Barry Diller goes it alone, and he’s fine with that

April 30, 2008

bd.jpgCall it the new simplicity. IAC’s businesses are better off on their own in the market than trying to work with a strategic partner, according to chief mogul Barry Diller.
Recently empowered by a court decision that says he can do what he wants with IAC with little limitation from controlling shareholder Liberty Media, Diller said today a plan to spin off four major IAC units probably won’t involve any partners and that he was on track to complete the separation in August.