Earnings: Diller: Content Plans Are “Very Embryonic,” Acquisition Costs Are “Wildly Overhot”: Audio

During the q-and-a session, Barry Diller, IAC’s chairman and CEO, answered questions about the company’s content plans in light of the appointment of Michael Jackson to the newly created post of president of programming — and about why he has been mostly quiet on the acquisition front.

Content: “As it relates to content, this is very embryonic; this is just beginning. Don’t think we’re going back into the movie business or the entertainment business. We are not. But what we are going to do with Michael Jackson is there are areas where this convergence is taking place รข

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