Is Barry Diller edging back into the entertainment world?
The NY Times had a piece yesterday headlined, `Diller’s Web: Think Cable of the Past.'
Richard Siklos writes:
IAC is an Internet company, after all, and Internet companies promise higher growth than media businesses typically deliver. But could Mr. Diller resist his past? Hollywood dominates his résumé, and [IAC programming president Michael] Jackson had worked for him previously, overseeing the USA Network and the Sci-Fi Channel, among other TV and film ventures.
So far, Mr. Diller has allayed their concerns. He has not gone out to buy a studio, nor has he leaped onto the latest wave of Internet content megadeals by laying down big dollars for the likes of a Facebook or YouTube.
Instead, a glimpse at Mr. Jackson’s early efforts in online programming are now coming into view: he is thinking big by going small, investing in and starting targeted content sites built around humor, news and popular culture that remind him of the early efforts in cable television programming.