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@ USA Today CEO Forum: Barry Diller: IAC-AOL Deal Makes Sense But Too Intricate

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Updated Some 300 business undergrads and MBA students at Washington University in St. Louis were treated to the Barry Diller show Monday afternoon, when the IAC (NSDQ: IACI) chairman and CEO was interviewed for the USA Today CEO Forum series by the paper’s senior media reporter David Lieberman. After the requisite talk about the economy, Lieberman asked what Diller was going to do with all the cash his company has amassed (nearly $2 billion). Diller’s reply: “I’d like to spend it intelligently, that would be the first desire. You can’t have it get hot in your pocket. … Unfortunately, I cannot find anything that is worth buying today.”

It’s either overpriced or something he doesn’t want. As for the money, “If we can’t figure out what to do with it we’ll just [distribute] it to our shareholders, which would be a failure.” What is looking at? “You have to redefine what the area is so you continue to grow so we

One Response to “@ USA Today CEO Forum: Barry Diller: IAC-AOL Deal Makes Sense But Too Intricate”

  1. Regarding metered billing

    As soon as cable companies offer to give up their exclusive cable franchise rights then they can implement 'metered broadband'.

    Until then….. the cable companies, their paid lobbiest shrills, and anyone trying to throw FUD into the mix can go back to their desks in hell and work out a new business model.

    Cable companies have gotten fat and lazy on these exclusives.

    If they want to throw competition into the mix…then they are welcome to. Until then – hands off. Glad to see Barry Diller and I think alike :) … now if we just shared the same bank balance.

    Dean Collins