WHEN: Today, Tuesday, October 11th
WHERE: CNBC's "Squawk Alley"
Following are excerpts from the unofficial transcript of a CNBC EXCLUSIVE interview with IAC and Expedia Chairman Barry Diller on CNBC's "Squawk Alley" (M-F, 11AM-12PM ET) today, Tuesday, October 11th. Following are links to the video on CNBC.com: http://video.cnbc.com/gallery/?video=3000558449, http://video.cnbc.com/gallery/?video=3000558450 and http://video.cnbc.com/gallery/?video=3000558451.
All references must be sourced to CNBC.
DILLER ON THE ELECTION
LOOK WHAT WE'VE BEEN LIVING THROUGH. THE ONLY THING THAT I WOULD LIKE IS FOR IT TO BE OVER BECAUSE IT HAS LASTED TOO LONG. AND I REALLY HOPE THAT THE ONE THING THAT COMES OUT OF THIS IS WE WILL, FIRST OF ALL, SAY PLEASE DO NOT SPEAK OF POLITICS FOR AT LEAST ANOTHER YEAR AND A HALF. ALTHOUGH I FEAR THE NEXT HOUR OF THE NEXT DAY, WE'LL BE OFF TO THE RACES AGAIN. I THINK IT'S SUCH A HORRIBLE PROCESS WE FOUND OURSELVES IN.
DILLER ON TRUMP
WHERE HE SHOULD BOUNCE IS IN TO SOME RIVER. NO. HOW COULD -- LOOK, I'VE BEEN SAYING THIS FROM THE BEGINNING. I'M LIKE EVERY OTHER DOPE WHO SAID THIS WILL NEVER HAPPEN, THIS WILL BE OVER SOON. HE WILL NEVER WIN THE NOMINATION, ET CETERA. SO ANYTHING ANYONE SAYS ABOUT THIS IS JUST WASTE NOISE BECAUSE IN THIS CASE, HE HAS TRUMPED EVERYTHING. I MEAN EVERYTHING. EVERY EXPECTATION. IT'S JUST -- IT'S LIKE AN EVIL MIRACLE.
DILLER ON TWITTER
I THINK TWITTER IS A VERY GOOD NICE, NOT ESPECIALLY GROWING, BUT NOT PATHETIC AT ALL. BECAUSE A LOT OF PEOPLE USE IT AND IT'S A GOOD ADVERTISING BUSINESS. I DON'T THINK IT REALLY CONNECTS TO MUCH ELSE. SO YES, IT HAS BIG DATA. YOU CAN USE THE DATA. BUT ALL THIS NOISE OF BUYING SOMETHING NOT FOR WHAT IT DOES, BUT FOR WHAT YOU THINK IT CAN CONNECT TO, I THINK, IS MOSTLY HOGWASH.
DILLER ON VIACOM
CABLE PROGRAMMERS HAVE NO PRICING POWER ANYMORE. AND THAT'S WHAT VIACOM IS. I DON'T KNOW WHO TODAY WOULD REALLY WANT TO BE IN WHATS CALLED THE MAJOR MOVIE THEATRICAL BUSINESS CERTAINLY IN TERMS OF ACTUALLY SUSTAINED PROFIT MAKING AND STUFF ITS NOT EXACTLY SOMETHING I THINK YOU WOULD VOLUNTARILLY DIVE INTO FOR THE HELL OF IT. SO I DON'T REALLY SEE IT INDUSTRIALLY, I UNDERSTAND IT IN TERMS OF SOME SHAREHOLDERS WHO THINK ACTUALLY THE VIACOM SHAREHOLDERS WHO ARE DESPERATE FOR RESCUE, LIKE TO GO INTO A BETTER SECURITY ON THE CBS SIDE BUT I DON'T KNOW I THINK IT'S A VERY DIFFICULT PROPOSITION FOR THOSE SPECIAL COMMITTEES.
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