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Article: Interactive battle: Diller says he's focused amid legal woes.(IAC/ InterActive Corp.)

Article from:
Daily Variety
Article date:
February 7, 2008
Author:
Copyright

Barry Diller said Wednesday he refused to be distracted by a nasty legal battle with John Malone, a major shareholder in Diller's IAC/ InterActive Corp.

"During this period, we will operate the company with as much focus as possible, and I do believe we will prevail," said IAC chairman-CEO Diller during a conference call to discuss the company's latest financial results.

IAC lost $370 million in the fourth quarter, vs. a $15 million profit the year before. The swing to red was due in large part to a $476 million write-down at its LendingTree.com mortgage brokerage biz, which has been hit hard by the housing downturn.

Total revenue rose 8% to ...

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