What’s Barry Diller up to?
Online mogul Barry Diller has his hand in lots of pies through InterActive Corp., including online dating (Match.com), event marketing (Ticketmaster) and travel (Hotels.com). Now, he reportedly has his eye on the media business, according to this article from Reuters.
Diller said he sees “opportunities as news increasingly moves to the Internet from newspapers,” and hinted that his company is close to announcing a new product. He also said that IAC wasn’t interested in buying a U.S. newspaper publisher or individual newspaper, which will no doubt come as depressing news to some publishers. He also said:
I actually think that there’s going to be real opportunity in the conversion of print journalism to online, real opportunity, which I think very few people have attacked head on. We’re doing it in our way from an original product creation at this point. I can’t really talk about what we’re doing because we’re, I think, fairly close to announcing it.
Hat tip to my friend Stowe Boyd for the link.
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