Even Barry Diller thinks he may be out of a job in the coming weeks
Published: Wednesday, March 05, 2008
BY SDHBarry Diller can't seem to catch a break at all. Ever since the man has been in the media and entertainment business he has worked for someone. When he set up his internet holding company first as USA Interactive and then later on as IAC/Interactive Corp, we all thought this was finally Barry's turn to be the boss. But as it turns out, Diller was really never the boss at IAC. The real boss was and is John Malone who is in the middle of shaking up IAC until Barry Diller falls out. It all started when Diller said he was going to split the company into 5, which Malone said will cut his power drastically. So now Malone is trying to get back his super voting shares from Diller and its looking like he will prevail. Even Barry Diller feels it. During a recent panel hosted by Zelnick Media and Variety, Diller had a defeated tone when asked about the battle between him and John Malone. But Diller shouldn’t worry because he has to remember that he may have the track record of always being pushed out of companies he built, but he also has a track record of making comebacks. If Diller does indeed get the boot from atop IAC he can take a page out of former Disney CEO Mike Eisner's book and slowly build a small online media company with content that can be spun into other areas. Or he can join forces with Eisner and target start-ups. But maybe Malone is a nice guy and will let him take one of IAC’s businesses. Labels: BarryDiller, IAC, JOHN_MALONE, MEDIA_BEEF |



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