Welcome to our dedicated page for IAC news (Ticker: IAC), a resource for investors and traders seeking the latest updates and insights on IAC stock.
IAC Inc. (NASDAQ: IAC) is a leading media and internet company headquartered in New York City. It encompasses over 150 brands and products, making it one of the largest online platforms globally. The company's diverse portfolio includes well-known names like Ask.com, About.com, Match.com, HomeAdvisor, and Vimeo, among others.
IAC operates across various segments such as search, applications, online dating, media, and e-commerce. Its family of websites attracts over two billion monthly visits, reaching users in more than 200 countries worldwide.
In recent years, IAC has focused on spinning off successful ventures; in the second quarter of 2020, it spun off Match Group, a prominent dating app provider, and in the second quarter of 2021, it spun off Vimeo, a video software provider.
IAC's revenue is diversified across several segments: Angi Inc. contributes 33%, Dotdash Meredith 39%, search 14%, and other emerging businesses 14%. Angi Inc. is well-known for home service solutions, while Dotdash Meredith is a major digital and print publisher in the U.S., featuring brands like PEOPLE, Better Homes & Gardens, and Investopedia.
One of the latest strategic moves by IAC includes a partnership with Ben Sherwood and Joanna Coles to revitalize The Daily Beast, aiming to make it an essential source of journalism. Additionally, Dotdash Meredith has entered a strategic partnership with OpenAI to integrate trusted content from DDM into ChatGPT, enhancing user experience and ad-targeting capabilities.
Financially, IAC continues to demonstrate disciplined opportunism, focusing on building category-leading businesses through curiosity and innovation. The company regularly updates its shareholders and the public through quarterly reports and conference calls, highlighting its commitment to transparency.
For more information and to view the full list of IAC's companies, please visit www.iac.com.
IAC's Dotdash has announced an agreement to acquire Meredith Corporation's National Media Group for $42.18 per share in an all-cash transaction. This deal aims to combine Dotdash's digital publishing expertise with Meredith's iconic brand portfolio, creating one of the largest publishers in the U.S. The combined entity, named Dotdash Meredith, is expected to reach 175 million online consumers monthly. The transaction is anticipated to close by the end of the year, funded by a mix of cash and new debt, with both companies' boards approving the agreement.
Brides has launched its first-ever digital magazine, marking a significant expansion of the wedding resource's offerings. The inaugural issue, themed 'Rethinking the Norm', addresses emerging wedding trends post-pandemic. Featuring Jenna Ushkowitz and David Stanley's wedding, the magazine provides guidance for couples planning mid-COVID weddings, including 7 etiquette rules and personalized advice. General Manager Leah Wyar emphasized the magazine's aim to support couples in navigating the evolving wedding landscape in these challenging times.
IAC (NASDAQ: IAC) will participate in the Goldman Sachs 30th Annual Communacopia Conference on September 21, 2021. CEO Joey Levin will engage in a fireside chat at 3:45 p.m. ET. The session will be live-streamed and available to the public at IAC Events. A replay will also be accessible on the IAC website. IAC has a history of building and acquiring companies, including Angi Inc., Dotdash, and Care.com, with operations worldwide.
IAC has released its monthly metrics for August 2021, available on its investor relations website. The company highlights its commitment to innovation and growth through a diverse portfolio of brands, including Angi Inc., Dotdash, and Care.com. IAC boasts a disciplined approach to building and acquiring companies, driving financial opportunities and operational excellence. This announcement underscores IAC's strategy to evolve while maintaining its core principles. For more details, metrics can be accessed on their official website.
Dotdash, a subsidiary of IAC, will participate in the Citi Global Technology Virtual Conference on September 13, 2021. CEO Neil Vogel is scheduled for a fireside chat at 8:00 a.m. ET. A live stream will be accessible to the public, with a replay available for 90 days afterward. Dotdash operates popular brands that serve over 100 million users monthly, including Verywell, Investopedia, and Byrdie. IAC, also parent to Angi and Care.com, continues to evolve in the digital publishing space.
MyDomaine, a leader in home and lifestyle content, has launched its inaugural digital magazine, The September Issue, focused on interior design and décor. This quarterly publication aims to connect with design enthusiasts through curated, trend-driven content. The first issue features supermodel Miranda Kerr as the cover star, showcasing her Malibu home and elements from her furniture line. Subsequent sections explore TikTok's design influence, 'Joy Decorating,' and evolving shopping habits. MyDomaine caters to 3 million unique monthly readers, enhancing its digital-first approach to home design.
Liquor.com has launched its first-ever standalone online store, offering a curated selection of essential bar items to enhance home drinking experiences. The store features unique products chosen by its editorial team, catering to cocktail enthusiasts and professional bartenders alike. Items include cocktail shakers, mixing glasses, and a comprehensive Liquor.com Cocktail Kit. Executives from Liquor.com express excitement about this new venture, emphasizing its alignment with the company’s mission to help customers drink better.
RoboKiller released its 2021 Mid-Year Phone Scam and Political Message Reports, projecting that Americans will receive 71 billion spam calls and 86 billion spam texts in 2021, leading to estimated losses of $716 million due to scams. The reports highlight a shift in spam tactics, with car warranty scams expected to dominate. Political robocalls and texts remain significant, with 427 million robocalls and 5.4 billion texts sent, primarily from Republican campaigns. RoboKiller aims to mitigate these threats.
Berkshire Hills Bancorp (NYSE: BHLB) announced the retirement of Board Chairperson J. Williar Dunlaevy effective September 22, 2021, as part of a pre-established succession plan. David M. Brunelle, currently Vice Chairperson, will succeed him. The Board also welcomed Jeffrey W. Kip, CEO of Angi International, to fill the vacancy left by Dunlaevy's retirement, appointing him as an Audit Committee Financial Expert. The leadership transition is aimed at strengthening governance and enhancing the company’s strategic transformation plan, with a strong focus on community commitment.
The Daily Beast has appointed Tracy Connor as its new editor-in-chief, effective immediately. Previously the executive editor, Connor will oversee all editorial strategy and functions while reporting to CEO Heather Dietrick. Under Connor's leadership, The Beast achieved record traffic, significantly enhancing its reach and influence. Joining from NBC News in 2018, Connor has a rich background in journalism, including awards and nominations. The Daily Beast, an IAC company, is known for its impactful reporting in politics and pop culture.
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