’60 Minutes’ Does Diller

Barry Diller’s “third act” — as his own boss — gets the <a href="http://www.cbsnews.com/stories/2007/06/08/60minutes/main2902934.shtml&quot; title="60 Minutes’ treatment”>60 Minute treatment, well, 14 minutes. If you’ve read or seen more than a couple of Diller interviews, you’ve probably heard most of it before. The video is here. Some bits:

Lesley Stahl: “Why do you think that Google is such a sexy story and IAC isn’t a sexy story?” Diller interjects before she finishes — “because it is” — then picks up: “Nobody knows from IAC. IAC is brand by brand by brand by brand. We are an endlessly multi-product company. Endlessly. So, Google is Google. Googling. Googled. All of that. You know, one-product companies will be known by their one product.” Would he like IAC to be sexy? “Yes, would I like that? Sure. And I’d like to have ice cream every third hour. But here’s the thing: I’ll be quite happy to be kind of similar to Procter and Gamble, someday, which also nobody knows.”

Diane von Furstenberg, Diller’s wife and IAC board member: “What drives him is the vision. It’s definitely not the money. He has a vision, and he’s not quite sure what it is. You know, and then he kind of fakes it until he makes it.”

Diller on original online content, investing, power: “We

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