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Article: Clash of the Titans: will Diller be taken off his own board?(Barry Diller and John Malone of IAC/InterActiveCorp.)
- Article from:
- Daily Variety
- Article date:
- January 30, 2008
- Author:
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Copyright informationCOPYRIGHT 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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The battle between Barry Diller and John Malone that's suddenly erupted signals the end of an era and of an alliance that's endured more than two decades.
Malone has lost patience with Diller's awkward aggregation of dotcoms, known as IAC/InterActiveCorp. And he was incensed by Diller's attempt to squeeze him out of the picture--especially after putting up with a tepid stock and Diller's princely pay packages.
IAC shares closed Tuesday at $25.65--up from the day before but well off their 52-week high of over $40.
Malone had long been a Diller fan. He provided seed money and support to launch Silver King Communications in 1995 with Diller as chairman-CEO. A major ...
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