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IACI spinning off 4(!?) units, my comments



November 05, 2007 – Comments (2)

IACI announced today they were spinning off four units: Home Shopping Network, Ticketmaster, Lendingtree and Interval.

My initial thoughts are that that's a lot of businesses to spin off. IACI will own,, and a few other core, emerging internet properties. I think I would rather own IACI. I understand that HSN isn't doing so well, and I would sell it (if I had shares of IACI, which I don't). I'm not familiar with the other three businesses. 

2 Comments – Post Your Own

#1) On November 05, 2007 at 11:29 AM, capsoregime (67.54) wrote:

Ticketmaster = the devil incarnate.  But they control the whole US concert ticket industry with an iron fist.

Lendingtree = One of the biggest online loan generating services in the US.  Don't know how the recent mortgage crisis is affecting them.

 I'm not familiar with Interval either. 

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#2) On November 06, 2007 at 12:42 PM, kristm (99.76) wrote:

IAC said LendingTree's performance has been hammering their bottom line. The rest are being spun off to generate cash because, to parahrase Barry Diller, "we needed the cash generated by TicketMaster and HSN to keep the Internet businesses going and now they're making money on their own so we can dump the other stuff and be a pure-play Internet comapany."

I just wish he had never sold out USA Entertainment, they had a great film studio that NBCU has absolutely devastated. Not to mention how poorly they've run SciFi network... 

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