IAC

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Dating App Tinder Demotes CEO

Sean Rad's demotion follows suit alleging 'frat-like' environment at company

(Newser) - It was a phone call Sean Rad wasn't expecting to get last month: an FYI from IAC honcho Sam Yagan informing him Barry Diller's company was demoting him as CEO of Tinder, the business he co-founded. A Forbes exclusive today reveals that Rad is indeed out of the... More »

#JustineSaccoHasApologized

Fired PR exec issues apology over AIDS tweet that exploded

(Newser) - The not-so-PR-savvy former PR executive behind the "tweet heard round the world" is very and predictably sorry, reports ABC . Justine Sacco has issued an apology—blessedly not via Twitter—saying, "Words cannot express how sorry I am, and how necessary it is for me to apologize to the... More »

PR Exec Let Go After Offensive Tweet

Justine Sacco's AIDS joke infuriated the Internet

(Newser) - A PR exec who became an instant Internet villain yesterday appears to have lost her job following fury over an AIDS-related tweet. Media firm IAC says it has "parted ways" with Justine Sacco, CNN reports. She won't be tweeting again anytime soon, either—at least not from the... More »

Match.com Hooks Up With OkCupid

Match.com pays $50M for its free-service rival

(Newser) - Match.com has bought rival OkCupid for $50 million, consolidating its hold on the online dating market, Mashable reports. The acquisition provides Match.com—a high-end service that charges its 5.8 million users—with access to lots of new customers. OkCupid is a mostly free site with 3.5... More »

Barry Diller Steps Down as IAC CEO

IAC cuts ties with Liberty Media

(Newser) - Barry Diller stepped down as CEO of his IAC media empire today, but he will stay on as chairman, he announced in a press release. Greg Blatt, former CEO of Match.com, replaces Diller; Diller will retain the largest voting share in the company, which he can increase from 34%... More »

It's Official: Newsweek, Daily Beast to Merge

Companies make announcement amid rumors

(Newser) - It's official: Newsweek and the Daily Beast will merge. This morning's announcement comes after yesterday's rumors —and despite last month's report that merger talks were killed. Tina Brown will in fact serve as editor-in-chief of both Newsweek magazine and the Daily Beast; current Beast president Stephen Colvin will be... More »

More Advertisers Text to (Willing) Customers

Media companies jumping on board as ads have higher success rate than Web versions

(Newser) - Text-message advertisements are catching on with marketers, largely because consumers actually ask to receive them—or at least to receive content that ads are attached to, the Wall Street Journal reports. Coors Light, for example, added marketing blurbs to text alerts requested by fans during last month's NFL draft, of... More »

Stocks Rise on Deals, Lower Oil

Merger buzz bets weak economic data

(Newser) - Stocks rose for the fourth consecutive day today as deal-making buzz from Internet firms and a Tiffany’s-led retail rally offset a rise in weekly jobless claims and contraction in New York- and Philadelphia-region manufacturing, MarketWatch reports. The Dow rose 94.28, closing at 12,992.66, while the S&... More »

Diller's Trials Far From Over After IAC Verdict

Efforts to break up the company face major stumbling blocks

(Newser) - Barry Diller might have won control over e-commerce company IAC/InterActiveCorp from rival John Malone in court Friday, but the CEO’s real trials have just begun. With the economy tanking and credit markets tightening, Diller’s plan to break up IAC into five “baby Barrys”—including Ticketmaster and... More »

Moguls Take Feud to Court

Diller, Malone share knack for deal-making—and turn it on each other

(Newser) - The escalating fight between media barons Barry Diller and John Malone over control of IAC/Interactive Corp. has its origins in the men’s shared talent for wheeling and dealing, the New York Times reports in a portrait of the colorful, headstrong, vastly different moguls. Both have faced accusations of chasing... More »

Liberty Tries to Force Diller Off IAC Board

Clash of media titans continues with latest court action

(Newser) - The feud between media magnates John Malone and Barry Diller has stepped up a level, reports the Wall Street Journal. Malone's Liberty Media Corp. is taking legal action to boot   chairman Diller, his wife and seven others off the board of Internet conglomerate IAC/Interactive Corp. Malone and Diller worked... More »

IAC and Liberty Lock Horns in Legal Battle

Fight over spinoffs that would reduce Liberty's control over IAC assets

(Newser) - Media moguls Barry Diller and his onetime backer, John Malone, have gone head to head,  with each man’s corporation suing the other’s. Diller’s IAC/InterActiveCorp and Malone’s Liberty Media, which owns a majority voting stake in IAC, are at odds over an IAC restructuring plan that... More »

Ticketmaster Pays $265M for Online Scalper

Purchase signals major shift in resellers' business model

(Newser) - Fans who once turned to scalpers for last-minute seats can now hit up ... Ticketmaster? In a sure sign of the online ticket resale boom, the sports and entertainment behemoth will buy TicketsNow, the second-largest online ticket reseller, reports the Wall Street Journal. "Clients who five years ago were not... More »

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