Barry Diller, IAC’s chief executive, said Wednesday that he’s not interested in acquiring AOL after the Internet business is spun off from its parent company, Time Warner.
“I have no interest in purchasing AOL, but there are kinds of alliances that are possible for us,” Diller said at an investor conference in New York. “Those maybe will happen, or maybe they won’t happen.”
by Andrew LaVallee, Reporter, The Wall Street Journal
Mayor Michael Bloomberg announced plans Tuesday for a research lab, digital-media apprenticeships, a technology-equipment bond program and other initiatives designed to create 8,000 media jobs in New York over the next 10 years.
by Staci D. Kramer, Co-Editor & EVP, PaidContent.org
Drippy Manhattan evenings aren’t usually a draw for an outdoor cocktail party but the FoundersClub NYC Internet Week soiree had something that overcomes a little rain: power.
Considering the magazine-heavy resume of The Daily Beast founder Tina Brown, it stands to reason the Web publisher would take her cues from that world.
by Andrew LaVallee, Reporter, The Wall Street Journal
Online dating site PlentyofFish announced plans to add a pay option aimed at customers who want to show that they’re serious about meeting someone.
PlentyofFish has long been a free site, which has made it hugely popular. It claims on its Web site that members will go on 18 million dates with each other this year.
Now that Barry Diller has won his court case against John Malone, he’s free to break up IAC into 5 pieces. The problem: Convincing investors that those pieces are worth more than the sum of their parts.
by Staci D. Kramer, Executive Editor, paidContent.org
Unless you’re an employee of IAC, you’re probably reading this here first. … We’ve obtained an emailed memo from IAC chairman and CEO Barry Diller to his staff that went out around midnight Eastern as he prepares to fight John Malone’s Liberty Media in a Delaware court for control of the company he founded.
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