Oct 24- Web conglomerate IAC/InteractiveCorp reported higher quarterly revenue but profit fell almost 40 percent due to a tax benefit from the same period a year ago.
LOS ANGELES-- Newsweek's decision to stop publishing a print edition after 80 years and bet its life entirely on a digital future may be more a commentary on its own problems than a definitive statement on the health of the magazine industry. Paid magazine subscriptions were 1.1 percent in the first half of the year, according to the Audit Bureau of Circulations.
NEW YORK-- Shares of Vringo, which buys and licenses patents, jumped more than 16 percent in heavy trading Monday, after the company said it filed a patent infringement lawsuit against ZTE Corp.' s U.K. subsidiary.
A group of entrepreneurs calling themselves "pigeons" _ French slang for someone who has been taken advantage of _ have mounted a campaign on Facebook and Twitter against a new law that will tax investments along the same lines as salaries _ on a sliding scale _meaning they would have to pay a lot more.
*Needham raises IAC/InterActivecorp to buy from hold. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
This week Aereo won a victory — a federal judge ruled in favor of the startup, refusing to block the controversial antenna-based subscription service that takes free over-the-air TV broadcasts and streams them to any Internet-enabled device.
The "Mad Money" host reveals his earnings expectations for 3M, AT&T, Panera Bread and Apple.
Controversial Internet TV service Aereo launches in Beta in New York City today. Lawsuits from all the major broadcasters, trying to stop the service, hasn’t halted Aereo’s plan to roll out one market at a time, changing the way people watch TV. Aereo filed a countersuit against the networks Monday.
Take a look at some of Tuesday morning’s early movers:
The “Mad Money” host makes the case for this Internet stock.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Inside the great publishing houses — grand names like Macmillan, Penguin and Random House — there is a sense of unease about the long-term fate of Barnes & Noble, the last major bookstore chain standing, the New York Times reports.
Taxi cabs get a serious challenger, Flipboard gets an iPhone app, and developers get a bigger cut of the revenues from Microsoft's upcoming app store. Let's take a look at what's driving the sector today.
We're headed into a slew of earnings this week from media giants—on both the content and distribution side. Whether we're talking about content creators like News Corp and Time Warner or kings of distribution like Comcast and Time Warner Cable, there are a couple key themes that will impact the whole industry. Here's what to watch as earnings reports roll out this week and next.
I’ve been hearing a lot of grumbling about Chelsea Clinton getting tapped by Barry Diller to join the board of IAC/InterActiveCorp. But Chelsea is actually a good choice for the board.
Like newspapers, portals like AOL and Yahoo are confronting the cold fact that there is less general interest in general interest news. Readers have peeled off into verticals of information — TMZ for gossip, Politico for politics and Deadspin for sports, and so on. The New York Times reports.
Shares of IAC/InterActiveCorp, the Internet conglomerate of 50 brands put together by Barry Diller, were upgraded Tuesday in part because of Match.com’s growing appeal among older singles as well as its recent acquisition of SeniorPeopleMeet.com.
What's driving the growth of online dating? Growth feeds on itself: One in five relationships start online, that ubiquity sparks massive word-of-mouth. By now, it seems like any stigma surrounding online dating is gone. Plus, the growth of smartphones means that people can access their online dating services constantly, growing use and engagement.
Liberty Media CEO Greg Maffei has been busy, between finalizing his swap with Diller's IAC, and planning ahead to when Starz contract with Netflix expires.
IAC/InterActiveCorp, a leading internet company reaching more that 247 million people in over 30 countries—with websites, such as: Match.com, Urbanspoon, Citysearch—has reduced its capitalization by almost 50 percent since its last round of spin-off's in 2008.