Diller Still InterActive With TM

Barry Diller might be spinning off various companies, but that doesn’t mean he’s letting them go. The media mogul who runs IAC told investors January 8th he will stay involved in the management of IAC/InterActiveCorp, Expedia and Ticketmaster.

"Other than that, these companies will be on their own," Diller said at a Citigroup conference in Phoenix. "Each of them will manage. They don’t need me." Diller said Ticketmaster will pursue growth in the secondary ticketing market with TicketExchange and Ticketmaster Auctions. He said roughly half of all tickets are never sold and that the Internet will usher in variable pricing.

Meanwhile, Liberty Media Corporation, the entertainment and Internet retailing company run by billionaire John Malone, paid IAC $340 million to increase its ownership from 25 percent to 30 percent, according to the Wall Street Journal.