Article: CLASH OF THE TITANS Once trusted friends, Malone, Diller now battling for IAC.(Business)

Byline: Jeff Smith, Rocky Mountain News

John Malone and Barry Diller are feuding publicly, after working together since the mid-1990s to build IAC, owner of the Home Shopping Network, Ticketmaster and dozens of Internet-related businesses.

IAC Chairman Diller wants to split IAC into five publicly held companies; Liberty Media would lose its majority voting interest under the current plan. Douglas County-based Liberty Media has sued to block the spinoff and to oust Diller and his loyalists.

* Background: Malone gave Diller the right to vote Liberty's IAC shares 12 years ago.

"When (Malone) signed off his voting control, he trusted ...

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