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Posts Tagged ‘Tina Brown’

IAC Turns Q3 Profit Of $ .34 Per Share

iac-logo.gifBarry Diller‘s IAC turned a profit for the second quarter in a row, this time of $.34 per share or $46.3 million, despite a 9% drop in revenue.

Media & Advertising sustained an 11% drop in revenue while Emerging Businesses (aka The Daily Beast) watched revenues fall 19%.

Ironically, the revenue declines in Media & Advertising, including at IAC’s Ask.com, are a result of a redesign that makes Ask.com more efficient. In October 2008, the site was relaunched to allow users to find their desired information with fewer clicks, which results in fewer ads being shown and also a decrease in cost per click, IAC’s release said. Meanwhile, lower income in Emerging Businesses “reflect[s] continued investment in InstantAction.com and The Daily Beast…” so Diller isn’t giving up on Tina Brown just yet.

New Media Blog Coming To The Market?

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Our sister publication, FishBowlNY, has an interesting update to our Dan Abrams story, with exclusive content from Abrams and his right-hand woman Rachel Sklar. Check out the story here.

Media big shots are finally realizing the power of the internet. So of course the first thing they all want to do is run out and harness it for their own personal gain. First Arianna Huffington, then Tina Brown, now it looks like we may have Dan Abrams as well.

The New York Observer reports that chief legal analyst for NBC News has been meeting with top tier bloggers and writers around New York. “I think it’s very possible that I will pursue an on-line Web property that will include some level of blogging of and about the media,” Abrams acknowledged yesterday. Hopefully he’ll learn to spell “online” the correct way before he drops into the medium.

While Abrams would not say who he has met with, industry spies report the list includes Gawker political editor Alex Pareene, Advertising Age columnist Simon Dumenco, former New York senior editor Jesse Oxfeld, Portfolio blogger Jeff Bercovici, and The Observer‘s John Koblin (gee, wonder how The Observer got the scoop on this story).

So far there are no confirmed hires. It’s not clear is that is because of the tone of the blog venture itself or if its because journalist in general had a very poor reaction to Abram’s first internet project that he announced in November.

Last year Abrams announced he was launching a “global strategy firm” that would employ thousands of working journalist, bloggers, authors and recently laid off journalists to consult with corporations who were interested in forming new media strategies. While media professionals did sign up in droves, some questioned the ethical implications of such a position.

“I am always trying to find vehicles for my community of experts,” said Abrams. “If and when I create an additional web property of and about the media, the editorial side of it will be entirely separate and distinct from Abrams Research, the business.”

More information about the site and prospective salary ranges after the jump.

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