NYT: InterActiveCorp Looks for Ways to Cross-Promote
Barry Diller's InterActiveCorp (IAC), a melange of dot-com companies he's collected over the years, is facing analyst frustration that the gaggle of web businesses isn't leveraging its various audiences against the different portfolio companies. IAC recently released several figures for the first time showing that it has indeed leveraged some of its businesses and web traffic against others of its businesses, one such relationship garnering an additional $58 million in travel bookings. That satisfies some analysts, but not all, and it calls into question whether or not Internet conglomerates are often more than the sum of their respective parts.