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This morning IAC/InterActive Corp posted its earnings, and while they were messy, Chief Executive Barry Diller seemed quite satisfied. IAC swung to a fourth-quarter net loss of $369.9 million, from a net income of $15.3 million a year earlier. But this actually was good news for Diller.
Following are the day’s biggest winners and losers. Find out why shares of Ralph Lauren (RL) and JDS Uniphase (JDSU) popped while IAC/InterActiveCorp. (IACI) and Cheesecake Factory (CAKE) dropped.
John Malone, Chairman of Liberty Media and Barry Diller, Chariman and CEO of Interactive Corp are both powerful billionaires who are used to getting their way. They've been close business partners until just recently. Now Malone is trying to get Diller ousted from his very own company.
Fake Jane was complaining to Fake Mary Thompson about the usual things--men, job, life, looks, age, money, collagen. Fake Mary ("FM") decided to lighten things up and told Fake Jane to stop acting like a self-loathing diva.
Liberty Media's John Malone, a longtime business partner of Barry Diller, took action Monday to oust Diller from the board of the IAC/InterActiveCorp Internet conglomerate.
A "clever and sharp" restaurant guide company with "telling" rankings and "a penchant for quote marks" from its thousands of "in-the-know" reviewers is "on the block."
CNet Networks, one of the original online media companies, would typically write about all the gossip and speculation at the Consumer Electronics Show this week in Las Vegas. Now, however, the company is likely to be the one talked about.
Google enjoyed one of its biggest monthly gains in U.S. Web search market share in October, building on consistent gains over the past two years, according to industry data out on Wednesday.
Who says breaking up is hard to do besides Neil Sedaka? IAC/InterActive Corp (IACI) is splitting into 5 separate companies. And Kraft (KFT) may sell its cereal business. What's the trade?
Stocks closed lower as credit worries about Citigroup and other big financial institutions sparked a broad selloff.
Barry Diller's IAC plans to spin off HSN, which includes HSN TV and hsn.com; Ticketmaster; Interval International, which will include its CondoDirect unit; and LendingTree, which will include its RealEstate.com site.
CBS and Viacom report earnings Thursday and Friday, respectively, kicking off the season for Big Media.
As Microsoft buys a $240 million stake in Facebook and AT&T reportedly is considering a purchase of a satellite TV company, what is the trade as the old “new” media meets the new “new” media?
A federal judge blocked the sale of software that lets users flood the Ticketmaster Web site with requests and snap up tickets in bulk, beating people who log in manually to buy tickets.
Pop star Madonna is close to leaving her long-time Warner Bros. Records label for a wide-ranging $120 million deal with concert promotion firm Live Nation, a source familiar with the talks said Wednesday.
Yahoo is making Web search faster by introducing new ways of predicting what users are looking for, while seeking to keep pace with rivals by including video, audio and picture results as answers to text searches.
Seeking to narrow the gap with Google, Microsoft unveiled a retooled Web search service that aims to deliver more relevant results and combines text, video and other information onto a single page.
Two giants in the music world are poised to duke it out over the ticket selling business. Although Ticketmaster (IACI) has dominated the concert business for years, it’s apparently hit a wrong note with Live Nation (LYV), a concert promoter. Now they want to start a rival operation. So what’s the trade?
IAC/InterActive Corp reported its second quarter earnings today and net income was up 78%, but Wall Street wasn't impressed -- the jump was thanks solely to divestiture and lower acquisition costs. Looking only at continuing operations (excluding stock compensation and those divestiture costs), the quarter's earnings were 31 cents, a penny less than the year-ago quarter, and two cents less than the analyst consensus. Revenues grew six percent, less than analysts expected.
General Electric and Pearson may challenge News Corp.'s $5 billion bid for Dow Jones & Co. with a plan that could let Dow Jones's controlling Bancroft family keep an interest in the company, the Financial Times and The Wall Street Journal reported on their Web sites.