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Article: Diller, Malone Battle for IAC.(IAC/InterActive Corp., Liberty Media Group)(Brief article)
- Article from:
- Broadcasting & Cable
- Article date:
- February 4, 2008
CopyrightCOPYRIGHT 2008 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Staff
In the latest episode of a bitter, public battle between media titans Barry Diller and John Malone, Diller's IAC/InterActiveCorp is claiming that attempts by Malone's Liberty Media to oust Diller have hampered IAC's ability to conduct business, including its planned earnings report next week.
In papers filed Jan. 30, IAC asked the Delaware Chancery Court to dismiss Liberty's motion earlier in the week to remove Diller, IAC's chairman, and several other members of the company's board. Liberty has a majority voting stake in IAC and Malone serves as a director on ...