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December 09, 2004
Barry Diller on the online travel industry
Posted by Dominic Basulto
The online travel industry is going through a tough period -- and that means plenty of restless nights for IAC/InterActiveCorp CEO Barry Diller. While Diller owns a vast conglomerate of 43 Internet properties (theoretically diversifying his risk), 60% of the company's profits derive from online travel properties such as Hotels.com and Expedia.com. The Financial Times looks at the fraying relationship between major hotel chains and IAC/InterActiveCorp as well as the difficulties of managing a diverse portfolio of online companies. But there's help on the way: Jack Welch, who presided over the sprawling GE empire, is now a consultant to IAC/InterActiveCorp.
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