Profiling Diller

| 1 Comment

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,, 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 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.

More by Kevin Roderick:
Ralph Lawler of the Clippers and the age of Aquarius
Riding the Expo Line to USC 'just magical'
Last bastion of free parking? Loyola Marymount to charge students
Matt Kemp, Dodgers and Kings start big weekend the right way
LA Times writers revisit their '92 riots observations
Recent Magazines stories on LA Observed:
Balboa Island has to decide if it believes in global warming
Q&A with Griffith Observatory curator Laura Danly
Campaign 2012: The view from over there
Los Angeles mag a finalist for two Ellies
Architecture critic Paul Goldberger jumps to Vanity Fair
Previous story: You do the math*

Next story: Lobbyist riles

New at LA Observed
Follow us on Twitter

On the Media Page
Go to Media
On the Politics Page
Go to Politics

LA Biz Observed
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner

LA Observed on Twitter and Facebook