Diller's IAC Beats Street, But Profit Slips

Schachter, Ken
July 2008
Red Herring;7/30/2008, p2
Trade Publication
The article reports on the net loss posted by Barry Diller's IAC/Interactive for the second quarter of 2008, on restructuring charges related to its pending five-way breakup. The company reported a net loss of $421.6 million, versus a profit of $94.6 million in the 2007 quarter. According to Diller, investors should not expect him to go on a spending spree with the unit's $1.3 billion in net cash. He noted that the new company would avoid over-priced assets and those costing more than $100 million.


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