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The newest copy of Fortune has a long piece looking at Barry Diller's moves to build a company, InterActiveCorp, that intends to get a cut of every Internet transaction it can. The story is subscription only, but from the free preview:
Diller, through a staggering number of deals, has assembled a conglomerate that includes the Home Shopping Network, Ticketmaster, Citysearch, Expedia, LendingTree, Match.com, and other well-known brands...IAC also plans to kill its competitors by, as Diller put it, spending "more than anyone else can afford"—some $1 billion this year alone—on marketing. Ultimately, Diller has said, his goal is to create "the largest, most profitable e-commerce company in the world."
The magazine carries a shorter take (free online) on Craig Newmark, the founder of Craigslist.org. Newmark is said to take home about $200,000 a year from the website, which rakes in $7 million in yearly revenue. Only in San Francisco do employers pay to list job openings. Craigslist Los Angeles.
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