Word: iac
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...wide range of offerings. Silverman, through a spokesman, and Diller protest any suggestion that the two are butting heads. They are friends who lunch together, and there's room for both, they say. Making the point, Diller notes that last month their companies inked a deal in which IAC's Hotels.com and Expedia will prominently display on their websites Cendant hotels, which include Days Inn, Travelodge and Howard Johnson. "While we compete with Cendant, we also partner with them," Diller says. "It's entirely normal. Sorry, no drama...
...IAC, by contrast, a relative upstart with $5.4 billion in annual revenue, increasingly is focused on online commerce--and its travel portion generates 31% of revenue and 61% of operating profit. IAC also owns LendingTree, dating service Match.com local online resource CitySearch and the largely offline cash generators Ticketmaster and Home Shopping Network (HSN). Diller's strategy: use the cash from Ticketmaster and HSN to promote his online ambitions, and be there as consumers migrate from all manner of traditional services to the Web. "We fundamentally believe that more and more things are going online," Diller says. "We are experts...