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IAC Plans Wave of Web Startups

Posted Apr 10, 08 6:45 AM CDT in Business,  Technology 

(Newser) – IAC/Interactive Corp plans to launch a host of new websites as it readies to split off some of its older ones into separate companies, the Wall Street Journal reports. RushmoreDrive.com, a search engine aimed at the black community, goes live today. Other startups, including a news site, a personal finance site, and one targeting tweeners, will be up by summer.

A court has OK'd IAC chairman Barry Diller's plans to spin off four divisions, including Home Shopping Network and Ticketmaster, focusing the company on about 30 websites. "There are obviously going to be winners and losers," an IAC exec said. "But it is about the intelligence of the bets that we are making, and the belief that some will come home."

Source Wall Street Journal

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Johnny Taylor, president and CEO of RushmoreDrive.com, award-winning recording artist Regina Belle, Barry Diller, and rap-artist MC Hammer attend the website's launch.   (AP Photo/RushmoreDrive.com, Stuart Ramson)
In this photo provided by RushmoreDrive.com, Johnny Taylor, left, president and CEO RushmoreDrive.com, joins Barry Diller,, chairman and CEO of the parent company IAC, at the website's launch.   (AP Photo/RushmoreDrive.com, Stuart Ramson)
In this photo provided by RushmoreDrive.com, Johnny Taylor, president and CEO RushmoreDrive.com, presents the web site at its launch in New York, Wednesday, April, 9, 2008.   (AP Photo/RushmoreDrive.com, Stuart Ramson)
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Internet  • African Americans  • startup  • Barry Diller  • IAC/InterActiveCorp  • Ask.com  • Match.com


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