IAC/InterActiveCorp

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IAC/InterActiveCorp
Image:InterActiveCorp logo.png
Type Public (NASDAQ: IACI)
Founded Silver King Communications
Headquarters New York, New York, USA
Key people Barry Diller, Chairman & CEO
Industry Conglomerate
Products ask.com, Home Shopping Network, Ticketmaster
Revenue $5.753 billion USD (2005)
Operating income $344.229 million USD (2005)
Net income $868.212 million USD (2005)
Employees 28,000 (2006)
Website www.iac.com

IAC/InterActiveCorp (NASDAQ: IACI) is an American internet and media company with interests in electronic retailing, Internet and interactive media, local media services, online personals, real estate and financial services. Its chairman and CEO is billionaire Barry Diller, who controls a majority of the voting stock in the company.

Contents

[edit] History

Barry Diller became CEO and Chairman of Silver King Communications in 1995. After a 1996 merger with Home Shopping Network the company was renamed HSN, Inc. Subsequently, it was renamed USA Networks, then USA Interactive, then Interactive Corp. Finally, in July of 2004, the company adopted its current name.

[edit] Business Units

The company's businesses are organized as follows:

[edit] IAC Electronic Retailing

  • HSN
  • Shoebuy.com
  • Bagsbuy.com

[edit] IAC Catalog Retailing

  • Cornerstone Brands (ie. Frontgate, Improvements)

[edit] IAC Financial Services and Real Estate

[edit] IAC Local and Media Services

[edit] IAC Personals

[edit] IAC Teleservices

IAC sold its Teleservices Business to Diamond Castle Holdings, a private equity firm in New York. PRC was sold for $287 million which translates to an after tax gain of $14.4 million. PRC's management team will remain in place, with John G. Hall continuing as chief executive.

[edit] IAC Ticketing

[edit] IAC Media & Advertising

[edit] IAC Emerging Businesses

  • CollegeHumor.com - entertainment website
  • Gifts.com - 2005 startup
  • Pronto.com - 2006 startup
  • 236.com - 2007 startup
  • Unnamed Personal Finance joint venture with Dow Jones - 2007 Startup

[edit] External links