Barry Diller Steps Down as Head of IAC
Barry Diller—a man who seemed positioned to reign opulently over his IAC media empire for years to come—announced this morning that he's stepping down as CEO of IAC.
• It's official: Oprah says she plans to call it quits in September 2011. [ABC]
• Layoffs: The BusinessWeek cuts continue (and include a handful of the mag's more notable names); meanwhile the AP body count now stands at 90.
• Sarah Palin sold 300,000 copies of her book the first day, alas. [TDB]
• Condé Nast and…
Twitter CEO's Mockery: We 'Were Laughing at Those Media Guys'
Twitter's revenues will be just $4 million this year, according to a new Wired feature story. But that's not going to crimp its co-founder's swagger: Evan Williams knows Twitter will be huge, and has words for anyone who says otherwise.
The Times Backs Down, Wolverine's Big Weekend
• Tense negotiations over proposed budget cuts continue between the New York Times Co. and unions that represent workers at the Boston Globe; in the meantime, the Times has postponed plans to shut down the paper. [NYT, WSJ]
• Another way the Times is planning to rake in some much needed cash: It may raise newsstand…
Meet the Press Holds On, Building Pressure at the Times
• Despite the change in moderators, NBC's Meet the Press continues to dominate the Sunday morning competition. [THR]
• MTV has canceled 50 Cent's reality show. [NYP]
• The New York Times Co. is busy trying to raise capital, but the company may have to take more radical action to turn the ship around. [Reuters]
•…
Liberty Media ready to pay $1.42 billion for AOL dialup business
Liberty Media CEO John Malone told the Financial Times his company is ready to swap its $1.42 billion stake in Time Warner in order to acquire AOL's dialup business. There's just one holdup. "Time Warner still needs to divide the business," Malone complained to the FT. Though it's been more than two years since Time…
Liberty Media: We'd take AOL's access business
During a conference call to reports Liberty Media's second-quarter earnings, CEO John Malone told analysts the company was open to exchanging its stake in Time Warner for AOL's online access business. Liberty owns 103 million Time Warner shares, or about 2.8 percent of the company. Such a swap would value AOL's…
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."…
Ask.com buys reference site Lexico
Lexico, the company behind reference sites like Dictionary.com and Thesaurus.com, has been acquired by also-ran search engine Ask.com, a unit of Barry Diller's IAC, for an undisclosed sum. It will mean an 11 percent boost in traffic for Ask and more revenue for Lexico's sites, as Google had cut a special deal with…
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…
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…
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…
Killer Diller the victor in IAC breakup case
Score one for the bitter old queen. Barry Diller, battling with major IAC shareholder John Malone in court, has won the right to break up IAC without interference from Malone's Liberty. This solves one problem for Diller, but creates another. Instead of running one hodgepodge of Internet businesses, he'll have five…
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…
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…
Diller's Dynasty
Here's more evidence that Barry Diller sees the family of his companion, Diane von Furstenberg, as the dynasty the gay media mogul would never have otherwise had. The court battle over control of Diller's IAC has turned up an email in which Diller discussed a plan to seize voting control of the internet conglomerate.…
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.
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,…
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…
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