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Top related persons:
Barry Diller - 1 Shari Redstone - 1 CNBC's David Faber - 1 Faber - 1 Skydance - 1 David Ellison's Skydance - 1 RedBird - 1
Top related locs:
Redstone
Top related orgs:
Paramount Global - 1 Media - 1 National Amusements Inc - 1 Paramount - 1 Diller's IAC - 1 Amusements - 1 IAC - 1 National - 1

Search resuls for: "Diller's IAC"


6 mentions found


☆ Media mogul Barry Diller weighs a bid to gain control of Paramount
  + stars: | 2024-07-02 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +1 min
Media mogul Barry Diller is taking a look at acquiring National Amusements Inc., the company owned by Shari Redstone and the controlling shareholder of Paramount, CNBC's David Faber reported on Tuesday. Diller's IAC , an internet media and publishing company, has signed a nondisclosure agreement and is looking in the data room of National Amusements, Faber said Tuesday. These discussions come weeks after National Amusements stopped talks with Skydance on a proposed merger with Paramount. National Amusements, which Redstone controls, holds 77% of class A Paramount shares. Prior to calling off the proposed merger, National Amusements had agreed to financial terms of the deal, CNBC reported.
Persons: Barry Diller, Shari Redstone, CNBC's David Faber, Faber, Skydance, David Ellison's Skydance, RedBird Organizations: Paramount Global, Media, National Amusements Inc, Paramount, Diller's IAC, Amusements, IAC, National, RedBird Capital, KKR, National Amusements, CNBC Locations: Redstone
☆ People magazine offered voluntary resignation packages alongside January layoffs, and now insiders say rumors are swirling of more staff cuts ahead
  + stars: | 2023-02-24 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +8 min
The resignations, in exchange for severance packages, were offered the same day Dotdash Meredith laid off 7% of staff. In January, Dotdash Meredith cut 7% of its headcount during a difficult squeeze for the media industry, as ad spending has tumbled amid an uncertain economy. Dan Wakeford, a 7-year veteran of the publication who had served as editor-in-chief since 2019, departed last year after the formation of Dotdash Meredith under IAC. Severance pay will be paid in installments on the regular biweekly payroll schedule. KandisDo you work at People magazine or Dotdash Meredith and have insight to share?
☆ The CEO of Barry Diller's IAC says Netflix with ads will be a double blow to network TV revenue: 'Now they're losing audience and losing scarcity.'
  + stars: | 2022-10-20 | by ( Claire Atkinson | ) www.businessinsider.com   time to read: +4 min
The growth of ad-supported streaming at scale is set to challenge the $60 billion TV ad business. One top internet executive, IAC CEO Joey Levin, says Netflix will destroy networks' scarcity argument. Wall Street also is waiting to see if Netflix draws ad dollars from social media or TV. Traditional TV networks are about to lose one of their main arguments for charging big rates for ads. Netflix's arrival on Madison Avenue next year is going to erode the hugely lucrative TV ad business, said Levin, who spoke with Insider in September.
☆ Jeffrey Katzenberg's WndrCo is betting big on cybersecurity tech and consumer VPNs as 'concerns around privacy have exploded'
  + stars: | 2022-10-18 | by ( Claire Atkinson | ) www.businessinsider.com   time to read: +4 min
Jeffrey Katzenberg and his WndrCo partner Sujay Jaswa are betting big on VPNs and other cybersecurity tech. WndrCo has $1.7 billion in net asset value and is looking for companies that can change the world. The company has acquired or invested in VPNs including Super Unlimited, a top app on Apple's App Store. Like everyone else in the global workforce, Jeffrey Katzenberg and Sujay Jaswa, his investing partner at venture firm WndrCo, use Zoom to connect. WndrCo made several other VPN acquisitions, ultimately merging them into a single cybersecurity venture called Aura, in which WndrCo is a significant stakeholder.
☆ The CEO of Barry Diller's IAC says they're on the hunt for new deals in media and tech as valuations have fallen: 'We're entering the reality period'
  + stars: | 2022-10-17 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +3 min
Barry Diller's IAC is back on the hunt for deals as companies are seeing lower valuations. CEO Joey Levin said IAC has $1.5 billion to spend and plans to leverage a tough operating environment. "We're in that adjustment period entering the reality period," Levin told Insider in a September interview. In September, its combined Dotdash Meredith unit continued a multi-month string of pro forma revenue declines, posting a 24% decrease. We could still be right or wrong, but if we're right, we can create value," Levin said.
☆ Barry Diller's IAC is on the hunt for deals as company valuations fall and CEO Joey Levin sees opportunity in downturn
  + stars: | 2022-09-14 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +3 min
Barry Diller's IAC is back on the hunt for deals as companies are seeing lower valuations. CEO Joey Levin said IAC has $1.5 billion to spend and plans to leverage a tough operating environment. In September, its combined Dotdash Meredith unit continued a multi-month string of pro forma revenue declines, posting a 24% decrease. With many company valuations having come down, Levin noted, IAC has the potential to bet on a broader array of businesses than it has before. We could still be right or wrong, but if we're right, we can create value," Levin said.
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