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Posts Tagged ‘John Malone’

Barry Diller: No Longer Chairman At Live Nation

According to the Los Angeles Business Journal, Barry Diller has resigned from his post as chairman of Live Nation Entertainment.  Diller will maintain his board seat with the company while director John Malone has been named interim chairman.

Rumors of Diller’s departure had been swirling for weeks before he officially stepped down at a board meeting last Thursday.  Diller directed the Ticketmaster-Live Nation merger in January, however he and Malone had conflicting ideas on the direction of the new company.

Live Nation said Malone will remain in the interim position while the company searches for a new chairman.

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Barry Diller On The Writers’ Strike

Diller.JPGIf it’s all the same to you guys, we’re just going to cut and paste this press release from Fox Business Network, so that we don’t have to read Barry Diller’s remarks. It’s early. We’re tired. (And by the way, that’s not our typo. Fox apparently thinks there’s just one writer on the picket line.)

Here you go:

BARRY DILLER TELLS FOX BUSINESS NETWORK THAT THE WRITER’S STRIKE IS “STUPID”

In a broadcast interview with FOX Business Network’s Neil Cavuto, Barry Diller, CEO of the recently fragmented IAC, talks about the stupidity of the writer’s strike, his interest in AOL and the likelihood of a recession. Excerpts are below.

On the writer’s strike:

“I expect that it will probably be a long strike, which would be unfortunate because I don’t think it makes much sense.I think it’s stupid. I don’t think they should have gone out on strike. Both sides must have really mishandled this one. In order to have gotten to ‘strike moment’ everyone must have screwed up, which makes it difficult to get them back to some sort of sanity.”

“What this strike is about is not revenues from first usage. It’s about revenues from what happens in this digital age, of which right now there are none. What they want to do is strike so they’re protected for the future. The problem with that is right now it’s a future that no one can figure out. What they should have done is say, we’re going to take the next five year period — we want to know where all of these revenues are coming from. We want to freeze this area until we can understand the revenues, which aren’t going to develop for another few years. There are no profits for the work that writers do that is then digitized and distributed through the Internet.”

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