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nepotism
barry diller
Gay Mogul's 'Stuff-Less' Marriage
IAC's Barry Diller has just explained—to the audience at the Wall Street Journal's D Conference—the breakdown of his relationship with the internet conglomerate's biggest shareholder, evil John Malone's Liberty Media. Paid Content was taking notes. Diller's metaphor? "Partnerships are marriages without the stuff." Oops, Freudian slip! More »
iac
Humble Diller Not That Humble
Having escaped John Malone's hook, former studio boss and internet tycoon Barry Diller is attempting to reinvent himself, says Portfolio's Duff McDonald. The new Diller trademark? Humility. "We were kidding ourselves if we thought we could pull off an integrated conglomerate that acts like G.E. or P&G in anything less than 10, 20, or 30 years." Diller is indeed cutting internet conglomerate IAC down to a more manageable rump of web sites such as Ask, Citysearch and Evite. But the 65-year-old tycoon hasn't entirely lost his trademark vindictiveness. Doug Lebda—who sold Diller online mortgage search engine Lending Tree for $726m before the real-estate bubble burst—was prepared to buy the business back at a discount. Why hasn't that happened? "No one is allowed to school Diller twice," says a mogul watcher.
IAC's Summer Explosion
"IAC/InterActiveCorp boss Barry Diller is pushing ahead with plans to break up his company into five separate businesses, and downplaying talk about a possible asset swap with Liberty Media...Diller said he hopes to complete the spin-offs by August." [Post]
Barry Diller, John Malone May Kiss And Make Up
"Fresh off his legal victory over Liberty Media, IAC/InterActiveCorp boss Barry Diller is expected to meet with his board this week to restart the process of breaking up his company into five separate pieces, The Post has learned. At the same time, sources said Diller and Liberty Media Chairman John Malone are continuing to talk about a deal that would trade one or more of IAC's assets for Liberty's ownership stake in IAC." [Post]
webtards
"McCain Girls" A Prank, Mercifully
The three women who dubbed themselves the "McCain Girls" and made a series of YouTube videos on behalf of the Republican presidential candidate were working for 23/6, the "humor" site from IAC/Huffington Post, and their entire campaign was a joke. To hear 23/6 President Sarah Bernard tell it, the first video was supposed to be an obvious parody of the Obama Girl videos, but no one understood that. Then 23/6 decided to keep the "prank" going as long as possible, which turned out to be one month. McCain watched the video repeatedly, he told Fox News in the clip after the jump, but his description of it as "very entertaining" hints that he knew something was fishy. More »
moguls
Barry Diller Chooses Grandpa Font
So internet mogul Barry Diller won the struggle for control of IAC, the ungainly conglomerate which owns sites such as Ticketmaster and College Humor. Here's his celebratory announcement to employees. It's rather clunkier than one expects of the highly quotable IAC boss. Presumably Diller means, in the last line, that employees can have more confidence in the future; wishing IAC colleagues instead more surefootedness implies that IAC's missteps were somehow their fault. And some graphically-aware assistant really should help the 66-year-old former studio boss change his default email font.
debunk
Did College Humor Just Shake Off Adult Supervision?
Say farewell to Mo Koyfman, the IAC executive dropped in to monitor the crazy kids when Barry Diller's internet conglomerate acquired College Humor. He's resigned from his position as chief operating officer of the dorky web site. There's nothing particularly amusing about the news, except for the assumption that Koyfman represented adult supervision. Founders Josh Abramson and Ricky Van Veen were always substantially more straight-laced than their reputation for rampant loft parties would indicate; while 30-year-old wannabe modelizer Koyfman, however engaging, is as much a grown-up as Barry Diller is an internet guru.
the rich
Leaked Doc Shows How Barry Diller Protected Himself Against IAC's Tumble
Wikileaks obtained a JP Morgan presentation put together for media mogul Barry Diller, showing Diller how to protect his personal wealth against any, erm, hypothetical future declines in the value of his internet conglomerate IAC. The techniques outlined in the 31-page document (PDF) neatly circumvent restrictions on insider trading but are really only useful for insiders who anticipate their company shares will decline, since stock price increases are limited along with declines. For example, here was the plan presented to Diller in February 2007: More »
rumormonger
An Untimely Embarrassment For Barry Diller
Could Barry Diller's Fi Life, a misconceived financial portal for young investors, already be in trouble? Several journalists who joined the outfit, a joint venture between Diller's IAC and Dow Jones, are said to be scrambling for new jobs. (Email if you have details.) The project involved Dave Kansas, a veteran of online financial news with a jinx; partnerships between big media conglomerates usually work better as cocktail party fantasy than they do as actual businesses; and Rupert Murdoch, who acquired Dow Jones last year, prefers full control. So Fi Life was obviously doomed. But one would have thought Diller, who's in a Delaware court fighting for control of his internet conglomerate, would want to arrange a more elegant unwinding.
quote of the day
Malone: "The hook is set. It is our company... Barry ain't going to be able to spit the hook."
Diller: "I sail. I don't fish. I got the point."
Barry Diller Gets The Point
The scene: two billionaires, former friends, are feuding over an internet conglomerate, IAC. John Malone's initial salvo comes in quotes given by the corporate assassin to the Wall Street Journal. Barry Diller, IAC's chairman, described his reaction in this week's court struggle for control of the sprawling internet company.Malone: "The hook is set. It is our company... Barry ain't going to be able to spit the hook."
Diller: "I sail. I don't fish. I got the point."
Barry Diller Does Not Appreciate Your Speaking Badly Of IAC
Barry Diller is still pissed at Greg Maffei, the Liberty Media executive who broke up his close relationship with Liberty Chairman John Malone. Here is how Diller began testimony in his court battle to retain control of IAC: "Mr. Maffei, 47 years old, was an 'irresponsible executive,' Mr. Diller testified in Delaware Chancery Court. 'For over a year and a half, he has spoken badly about our businesses and our managers,' said Mr. Diller, who is scheduled to continue his testimony today." [WSJ]
Barry Diller is still pissed at Greg Maffei, the Liberty Media executive who broke up his close relationship with Liberty Chairman John Malone. Here is how Diller began testimony in his court battle to retain control of IAC: "Mr. Maffei, 47 years old, was an 'irresponsible executive,' Mr. Diller testified in Delaware Chancery Court. 'For over a year and a half, he has spoken badly about our businesses and our managers,' said Mr. Diller, who is scheduled to continue his testimony today." [WSJ]
To Paraphrase Clausewitz
For IAC's Barry Diller and his backer John Malone, the two billionaires wrestling for control of the internet conglomerate this week, a lawsuit is merely the continuation of negotiation by other means. A witness notes that the moguls are continuing settlement talks even as they trash each other in a Delaware court.
For IAC's Barry Diller and his backer John Malone, the two billionaires wrestling for control of the internet conglomerate this week, a lawsuit is merely the continuation of negotiation by other means. A witness notes that the moguls are continuing settlement talks even as they trash each other in a Delaware court.
iac
The Man Who Came Between Diller And Malone
Evil queen and IAC CEO Barry Diller used to get along great with his gruff sugar daddy John Malone of Liberty Media, making business dates and talking about deals together. Then Greg Maffei came along, from the kill-or-be-killed culture of software maker Oracle, and became Malone's new "point man." All of a sudden, "everything got much more contentious" between Malone and Diller, an IAC board member testified yesterday, in a trail where Diller and Malone are struggling for control of the company. Now Diller is just a spurned partner "looking for a divorce," Maffei said. [NYT, WSJ]
iac
Barry Diller's Fine Art
One expects flouncy Barry Diller, when he testifies in this week's court battle for control of IAC, will provide the colorful language which has kept journalists sweet for him for so many decades. But John Malone, the soulless corporate raider who is trying to seize the internet conglomerate from Diller, didn't do so badly himself today. The Coloradan billionaire told the Delaware court that the extravagant Diller, who decked out his office in IAC's Gehry-designed headquarters with fabulously expensive rugs, had made "a fine art" of his exploitation of the company jet.
barry diller
Barry Diller's Secret Weapon: Shopping
How will Barry Diller get John "Darth Vader" Malone to put down his light saber and end his fight for Diller-controlled internet conglomerate IAC? Shopping! According to the Wall Street Journal, evil queen Diller's approach focuses on cable shopping network HSN, and will go something like this: Come on, Johnny Death Star, it'll be fun! When I called you "insane" I meant "insane about a good sale!" HSN totally redid their interior, out with the shoddy gauche stuff and in with Sephora and Scoop NYC. They stock TONS of black, which I know is your favorite. What I think you'll like best is that the prices haven't even changed. If you act now, you can get the shopping network for the same low, low price I offered before — the rest of IAC, safely in my hands — and I'll throw in the extra 5 percent in quarterly sales HSN just posted at no additional charge. And if you call now, I'll also add the Nike champ I lured to run HSN. [WSJ]
barry diller
Why Did Barry Diller Marry?
Despite the beating the IAC boss is receiving in the business press, Barry Diller showed up last night at the grandest party of Fashion Week, the bizarre event sponsored by Gucci for poor Malawian children each of whom could survive a decade for the price of the fashion label's more expensive accessories. By the internet mogul's side, as usual, Diane von Furstenberg, the fashion designer he wed in 2001. Which is as good a time as any to ask the age-old question: why on earth does 65-year-old Diller, an inducted member of the boy-loving velvet mafia, persist with such a sham of a marriage? (Clue: it's something to do with the good-looking baldie on the left.) More »
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