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IAC/InterActiveCorp is an American media conglomerate which operates diversified businesses in sectors being strongly influenced by the internet. IAC has more than 60 brands, operated by approximately 20,000 employees in 28 countries. The Chairman and CEO is businessman Barry Diller.
- IAC is a Nasdaq 100, S&P 500, and Fortune 500 Company
- IAC sites are visited approximately 680 million times each month (comScore, June 2007)
- IAC is the largest buyer of online advertising in the U.S. (Nielsen/NetRatings, June 2007)
- IAC was named the #1 Most Admired Company in the Internet Services & Retailing sector by Fortune magazine in 2007
- With 153 million monthly users, IAC's network of sites would rank as the 8th largest in the world (comScore, June 2007)
[edit] History
- In 1995, Barry Diller was named Chairman and CEO of Silver King Communications, Inc - what would later become IAC. Silver King then merged with Home Shopping Network and Savoy Pictures Entertainment. The company was renamed HSN, Inc. Diller then began to build the company through a series of acquisitions and divestitures.
- In 1997, the company acquired 50% of Ticketmaster Group. In 1998, it acquired USA Networks, SCI FI and Universal domestic TV. The company was renamed USA Networks, Inc. and began trading on the Nasdaq as USAI. Also in 1998, Ticketmaster Online merged with CitySearch to form Ticketmaster Online CitySearch, Inc. (TMCS) In 1999, USAI acquired Hotel Reservations Network (later renamed Hotels.com) and TMCS acquired Match.com and the Sidewalk city guides from Microsoft.
- In 2002, USAI acquired TV Travel Group, Interval International, and a controlling interest in Expedia. In 2003, USAI acquired Entertainment Publications, Inc.; uDate.com; LendingTree; Hotwire; RealEstate.com; GetSmart; and the remainder of Ticketmaster, Expedia and Hotels.com. The company was renamed InterActive Corp.
- In 2004, IAC acquired TripAdvisor, Inc.; ServiceMagic, Inc.; and Home Loan Center. In 2005, IAC acquired AskJeeves, Inc. and Cornerstone Brands, Inc. In August, the company completed the spin-off of its travel businesses under the name of Expedia, Inc.
- In 2006, IAC began its move from a holding company to an operating company by establishing the position of President and Chief Operating Officer and appointing LendingTree founder Doug Lebda to the position. Also in 2006, IAC Programming, a content business combining the internet with traditional programming, was formed, and Michael Jackson, former head of USA Networks, Chairman of Universal Television Group, and CEO of UK's Channel Four, was appointed President. IAC tapped its internal talent for new business ideas and, as a result, launched home-grown businesses Gifts.com, Chemistry.com, Pronto, Very Short List, and 23/6 (in beta). In March 2006, AskJeeves was relaunched as Ask.com. In December 2006, IAC launched its first major product integration, AskCity, a new product from Ask.com that integrates content from key IAC brands. In May 2007, the company launched AskMobileGPS, an application for GPS-enabled mobile phones with features from Ask.com, Citysearch, and Evite.com.
- In November 2006, IAC was added to the S & P 500. In March 2007, IAC's New York City - based employees moved into new headquarters designed by architect Frank Gehry and Studios Architecture in New York City's Chelsea neighborhood.
[edit] Business units
The company's businesses are organized as follows:[1]
[edit] Retailing
- HSN
- Shoebuy.com
- Bagsbuy.com
- Outletbuy.com
- Cornerstone Brands (ie. Frontgate, Improvements, Ballard Designs, Smith+Noble, The Territory Ahead, TravelSmith, grandinroad, Isabella Bird, Alsto's, and Garnet Hill)
[edit] Transactions
[edit] Media & advertising
[edit] Membership & subscriptions
[edit] Emerging businesses
[edit] Discontinued businesses
The USA Broadcasting Group consisting of television productions and a promotional arm. These stations effectively were the lower-tier stations acquired by Diller under the Silver King Broadcasting acquisition, changed in format to local-emphasis programming, then sold off to
Univision.
[edit] References
- ^ IAC Businesses- "IAC owns and operates more than 60 specialized and global brands."
[edit] External links
