Diller

IAC/InterActiveCorp. Chief Executive Barry Diller told Reuters on Monday he saw opportunities as news increasingly moves to the internet from newspapers, and his company was close to announcing a new product.

Diller declined to give details, but said IAC was not interested in buying a U.S. newspaper publisher or an individual newspaper.

"I actually think that there's going to be real opportunity in the conversion of print journalism to online, real opportunity, which I think very few people have attacked head on," Diller told the Reuters Media Summit in New York.

Diller said IAC's mix of dozens of different internet properties working together is beginning to prove itself and the advantages should become clearer in a few years.