Diller And Malone Are Pals Again
Suddenly and surprisingly media moguls Barry Diller and John Malone have patched things up. Malone will not pull Liberty Media out of Diller's InterActiveCorp, as was widely presumed following a Delaware court decision favoring Diller. In a joint statement, Liberty agreed to drop its appeal of that decision in return for Liberty receiving representation on the boards of each of the IAC companies that Diller plans to spin off including Ticketmaster, HSN (Home Shopping Network), Ticketmaster, and Lending Tree. Diller issued a statement saying, "Now it's really over and that's great for both of us."