Word: iac
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Dates: during 2000-2009
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...Officially Silverman, the 38-year-old co-chairman of NBC Universal Entertainment, is leaving the network in the fall to start a new company with IAC, the media and Internet firm founded and headed by another colorful former TV executive, Barry Diller. But speculation has been rife about the fate of the much-storied Silverman since his two-year contract at NBC was not reviewed in June. NBC president and CEO Jeff Zucker had earlier made it clear that if Silverman were at NBC, it would be because NBC wanted him there. Presumably, the reverse is also true...
...IAC Headquarters, New York Frank Gehry Partners...
...significantly increased its stake in Front Line Management, an agency that represents such acts as Christina Aguilera, Jimmy Buffett and Aerosmith, when rumors swirled that Live Nation wouldn't renew its contract. Warner, for its part, has been looking around for partners, potentially hooking up with none other than IAC/ InterActive Corp, Ticketmaster's parent, as a way to counter Live Nation's proposal to manage all of Madonna's concerts and album releases. And earlier this summer Warner Music formed a joint venture with Violator Management, a firm that negotiates roles for rappers in films, advertisements, video games...
...While members can report offensive comments and the site keeps a log of all chats, IAC is taking a hands-off approach to monitoring what goes on at Zwinktopia. "It' s going to be a learning process," says Dorcas Casey, IAC's director of product strategy, when asked where the company draws the line on inappropriate behavior. If Zwinktopia really hopes to attract kids aged 13 and up without sending their parents into cardiac arrest, it might want to speed that process...
...online services may get better with Silverman and Diller driving the industry, don't look for a price war that would make travel a lot less expensive. "They will compete intelligently," says Haverty. "Price cutting is not how you get Wall Street to give you" a higher stock price. IAC shares have lagged as investors at first puzzled over Diller's plan and then were disappointed with financial results that fell short of big expectations. Cendant has performed better. But some investors haven't forgotten a disastrous acquisition and accounting scandal six years...