Barry Diller

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Barry Diller at the Web 2.0 Conference 2005.

Barry Diller (born February 2, 1942 in San Francisco, California) is a media executive responsible for the creation of Fox Broadcasting Company.

[edit] Biography

Barry Diller was raised in Beverly Hills and began his career in the mailroom of the William Morris Agency, after dropping out of UCLA after one semester. He was hired by ABC in 1966 and was soon placed in charge of negotiating broadcast rights to feature films. He was promoted to vice president in charge of feature films and program development in 1969. In this position, Diller created the ABC Movie of the Week, pioneering the concept of the made-for-television movie through a regular series of 90-minute films produced exclusively for television.

Diller served for ten years as the Chairman and Chief Executive Officer of Paramount Pictures Corporation starting in 1974. With Diller at the helm, the studio produced hit television programs such as Laverne & Shirley (1976), Taxi (1978), and Cheers (1982) and films ranging from Saturday Night Fever (1977), and Grease (1978) to Raiders of the Lost Ark (1981) and its sequel Indiana Jones and the Temple of Doom (1984) to Terms of Endearment (1983) and Beverly Hills Cop (1984).

From October 1984 to April 1992, he held the positions of Chairman and Chief Executive Officer of Fox, Inc, parent company of Fox Broadcasting Company and 20th Century Fox, where he greenlighted hits like The Simpsons. Diller quit 20th Century-Fox in 1992 and purchased a $25 million stake in QVC teleshopping network. Diller resigned from QVC in 1995.

Diller is currently the Chairman of Expedia and the Chairman and Chief Executive Officer of IAC/InterActiveCorp, an interactive commerce conglomerate and the parent of companies including Home Shopping Network, Ticketmaster, Match.com and Citysearch. In 2005, IAC/InterActiveCorp acquired Ask.com, marking a strategic move into the Internet search category. Diller has been on the board of The Coca-Cola Company since 2002. The new headquarters of IAC/InterActiveCorp was designed by Frank Gehry and is scheduled to open summer 2006 at 18th Street and the West Side Highway in Manhattan's fashionable Chelsea neighborhood. The western half of the block is dedicated to the building which stands several stories taller than the massive Chelsea Piers Sporting complex just across the West Side Highway. The extra floors guarantee a panoramic Hudson River view from Diller's top-floor office.

In 2001, Diller married fashion designer and longtime friend Diane von Fürstenberg.

Diller is responsible for what the media dubs "The Killer Dillers" -- people who Diller mentored and who later became big-time media executives in their own right. Examples include Michael Eisner (who was President & COO of Paramount Pictures while Diller was Chairman & CEO of Paramount Pictures, who went on to become Chairman & CEO of The Walt Disney Company), Dawn Steel (future head of Columbia Pictures and the first woman to run a movie studio, who worked under Diller at Paramount), Jeffrey Katzenberg (head of PDI/DreamWorks Animation, principal of DreamWorks SKG, former head of Walt Disney Studios, and a head of production of Paramount under Diller), and Don Simpson, who was President of Production at Paramount under Diller and Eisner, was also included -- he later went on to run a production company based on the Disney lot with Jerry Bruckheimer.

In 2003, on the PBS TV program NOW with Bill Moyers, Diller vocalized a strong warning against media consolidation. In the interview he referred to media ownership by a few big corporations as an oligarchy, saying the concentration strangles new ideas.[1]

Barry Diller was "the highest-paid executive [of 2005 fiscal year]" according to a report by The New York Times on Thursday, October 26, 2006 with a total compensation package in excess of $295 million. ^[1]. In an opinion article in the New York Times of Nov 7, 2006, Nicholas D. Kristof awarded him his annual Michael Eisner Award, consisting of a $5 shower curtain, for corporate rapacity and laziness [2].