IAC Revenues Slow In Q2

Barry Diller’s IAC/InterActiveCorp had a tepid 3 percent revenue growth in the second quarter and fingers are being pointed directly at subsidiary Ticketmaster, which reportedly hasn’t been doing so hot this year.

Although investor confidence is weakening – according to the Wall Street Journal – IAC says it’s just a hiccup and TM will again buttress the conglomerate’s bottom line.

Pollstar’s data shows that 2007 ticket sales are better than last year but, according to sources close to Ticketmaster, it all comes down to acts like Madonna, Eagles and Paul McCartney taking a break.