IAC/InterActiveCorp, founded in 1986 as Silver King Broadcasting Company (as a subsidiary of the Home Shopping Network), and has been renamed several times since. After variants on "USA Networks," InteractiveCorp was officially renmaed "IAC/InterActiveCorp" in 2004. It is headquartered in New York City, and claims that it "operates leading and diversified businesses in sectors being transformed by the internet, online and offline...our mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world," as its website states.  NASDAQ: IACI
In April 2011, IAC extended their deal with Google to hand over all search advertising on Ask.com and other IAC search products to the search giant. The deal was worth $3.5 billion in 2007 and was set to end on March 31, 2016. In 2011, IAC recorded $2,059,444,000 in revenue and had $3,409,865,000 in total assets. IAC states it has 3,300 employees worldwide.
Ties to Pete Peterson's "Fix the Debt"
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." IAC/InterActiveCorp is part of the Campaign to Fix the Debt as of February 2013.
This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." Please visit our main SourceWatch page on Fix the Debt.
|About Fix the Debt|
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through a special report and new interactive wiki resource, the Center for Media and Democracy -- in partnership with the Nation magazine -- exposes the funding, the leaders, the partner groups, and the phony state "chapters" of this astroturf supergroup. Learn more at PetersonPyramid.org and in the Nation magazine.
See IAC/InterActiveCorp management profiles for details.
- Barry Diller, Chairman and Chief Executive Officer
- Victor A. Kaufman, Vice Chairman
- Greg Blatt, CEO
- Jeff Kip, Executive Vice President & CFO
- Gregg Winiarski, Senior Vice President, General Counsel
- Joanne Hawkins, Senior Vice President & Deputy General Counsel
- Michael Schwerdtman, Senior Vice President & Controller
- Jason Stewart, Senior Vice President & CAO
- Doug Lebda, President and Chief Operating Officer
- Thomas J. McInerney, Executive Vice President & Chief Financial Officer
Board of Directors
- Barry Diller
- Victor Kaufman
- Greg Blatt
- Chelsea Clinton
- Alexander von Furstenberg
- Edgar Bronfman, Jr.
- Michael Eisner
- Donald R. Keough
- Bryan Lourd
- Arthur C. Martinez
- David Rosenblatt
- Sonali De Rycker
- Alan Spoon
- Richard F. Zannino
Former Board Members
- Gen. H. Norman Schwarzkopf
- Diane Von Furstenberg
- William H. Berkman
- Steven Rattner
- Marie-Josée Kravis
- The About Group (acquired from The New York Times August 26, 2012)
- Cornerstone Brands, Inc.
- Entertainment Publications
- Interval International
- TripAdvisor, Inc. (spun out from Expedia)
555 West 18th Street
New York, New York 10011
Articles and resources
Related SourceWatch articles
Featured SourceWatch Articles on Fix the Debt
- Fix the Debt Portal Page
- Fix the Debt's Leadership
- Fix the Debt's Partner Groups
- Fix the Debt's State Chapters
- Fix the Debt's Lobbyists
- Fix the Debt's Parent Group
- Fix the Debt's Corporations
- Pete Peterson
- Peter G. Peterson Foundation
- America Speaks
- Simpson-Bowles Commission
- Erskine Bowles
- Alan Simpson
- Social Security
- Kim Dixon, "Genachowski named to head FCC," Reuters, March 3, 2009.
- Cecilia Kang, "Campaign Aide Tapped to Head FCC," Washington Post, March 4, 2009.
- ↑ "IAC Asks For More Google, Please" Leena Rao, TechCrunch, April 11, 2011
- ↑ InterActiveCorp, "2011 Annual Report", organizational document, page 26 - accessed February 5, 2013
- ↑ "IAC Key Facts"