Barry Diller Admits IAC Strategy Didn't Work

"Diller has seemed less a visionary and more a spastic dealmaker."

[martinibuster]

A good read, Portfolio.com offers an interview and profile of Barry Diller [portfolio.com] at Portfolio.com.

About the foundering of IAC:

We were kidding ourselves if we thought we could pull off an integrated conglomerate...

There's also a surprising revelation that Diller's strategy over the years was less formal than many suspected:

Diller is forthright in saying that his strategy for IAC over the years has been guided as much by curiosity as by anything that might constitute an actual business plan.