Barry Diller "Still Hasn't Figured Out How To Squeeze Riches For Shareholders From His Vision": LAT

Los Angeles Times:

But as the typically tepid results turned in recently by his IAC/InterActiveCorp demonstrate, he still hasn't figured out how to squeeze riches for shareholders from his vision.

The company earned $41 million, or 28 cents a share, for the quarter that ended June 30. That was an improvement over its $422-million loss a year earlier. But excluding one-time items such as asset sales, the earnings worked out to just 7 cents a share, slightly less than the 9 cents a share analysts expected.

Read the whole story: Los Angeles Times

Comments

[praxitas]

i find this interesting. it seems building real value is harder than the profit by layoffs leveraging or hyped mergers approach (i.e. short term tactics) that characterized much of media (and business in general) profits in recent years. there are exceptions, but i believe these practices which have become standardized are well responded to by the market largely on the basis of groupthink. the market almost always reacts well to these tactics, even though one company may benefit from this while it may destroy the long term prospects of another (e.g. loss of undocumentable domain expertise). as jobs at apple demonstrated, the MBA is oversold. while it may provide a level of business process knowledge, business talent may be as impossible to formularize as michael jordan / tigerwoods etc in sports. (i think a lot of the culture and ethos that lead us to this point is also intrinsic/reinforced in these programs)

[gs425]

Profits are bad to the left....so is this a good thing?

[condor101]

Most people will NOT pay for online content. Period.

[oceanlover]

Isn't Barry Diller the type of "pig at the trough" that Arianna talks of? Just wondering....

[bikerdude]

Barry will think about shareholders long, long after he's done lining his own pockets and basking in whatever limelight he can find...Barry is a self-serving, self-promoting egoist who could care less about everyone else, including his "shareholders":...More like share croppers in his mind.

[bored2tears]

You hit that nail right on its head.

Diller is like Steve Ross, but without the flair. The shareholders are, and always will be, the least of his concerns.

[buckfushlv]

i guess when you use his corprate speak as he does so well he will try very hard to roundup a group of other corprate lowlifes who convience others that we should pay for internet content.

I THINK YOU WILL GROW A NEW HEAD OF HAIR BEFORE THAT HAPPENS BARRY