Latest in IAC

The digital publishing arm of Barry Diller’s IAC/InterActive Corp. has cliched a deal to buy Meredith, the 120-year-old Iowa-based publisher of People magazine and a stable of other storied titles. It’s an all cash transaction valued at $2.7 billion — or $42.18 per share. IAC’s Dotdash digital publishing unit will…

InterActive Corp., the digital media company founded by Barry Diller, is in advanced discussions to acquire magazine publisher Meredith Corp. The Wall Street Journal, citing people familiar with the talks, said a deal would value Meredith at more than $2.5 billion. The Iowa-based company, which recently sold its…

A24, IAC and Scott Rudin and Eli Bush are producing a film adaptation of the four-time Tony-winning play The Humans by Stephen Karam. Beanie Feldstein, Jayne Houdyshell (reprising her Tony-winning role), Richard Jenkins, Amy Schumer and Steven Yeun will star. Karam will adapt and direct the film version of his…

CollegeHumor co-founder Ricky Van Veen has friended Facebook — he’s heading there in the newly created role of Head of Global Creative Strategy. The move marks the second major departure from Barry Diller’s IAC in as many days, following Vimeo CEO Kerry Trainor’s announced departure Monday. Van Veen announced his new…

Vimeo CEO Kerry Trainor told staffers today that he’s stepping down as chief of IAC’s filmmaker-founded video sharing site “to live life for a bit while working with a few companies as a board member until I'm ready to announce my next full-time project.” The former AOL and Yahoo exec will stay as an adviser while…

Will Ben Silverman, founder of Reveille and Electus, start anew, launching a third production company? I hear Silverman is at the end of a negotiating window with Electus’ parent company, Barry Diller’s IAC, as his contract is coming up. But unlike the 2013 renegotiations, when Silverman ended up re-upping, I hear he…

4TH UPDATE: Issuing a statement to South African newspaper The Star and ABC News, SA-born PR pro Justine Sacco apologized for the offensive AIDS Tweet that led to her firing from IAC over the weekend: “Words cannot express how sorry I am, and how necessary it is for me to apologize to the people of South Africa, who I…

With fifteen months to go on Ben Silverman‘s current deal with Barry Diller’s IAC, the Electus founder and chairman is deep in negotiations with IAC about an extension. The talks are drawing a lot of attention and speculation that his relationship with IAC could be transformed into a pod deal. I hear the talks are far…

Barry Diller‘s IAC/Interactivecorp has offered the New York Times Co more than $300 million for the information site portal About.com, Reuters reports. That’s higher than the $270 million offer the NYT has preliminarily accepted from Answers.com, whose President Peter Horan previously served as head of About.com. The…

The news comes from IAC/InterActiveCorp chief Barry Diller in a conference call with analysts to discuss his company’s earnings. Newsweek/Daily Beast is “squarely on our heads,” he said following the recent decision by the family of Sidney Harman to pull back its funding for the joint venture. Diller says that IAC…