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Stock impact report

Barry Diller Reveals Layoffs, C-Suite Shake Up and Name Change for IAC [Yahoo! Finance]

IAC Inc. (IAC) 
Last iac inc. earnings: 2/5 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: iac.com/investor-relations/overview
Company Research Source: Yahoo! Finance
Diller will shift to a role as executive chairman in the move, with Neil Vogel set to become the company's new CEO. More from The Hollywood Reporter PGA Awards: Barry Diller Swipes at David Ellison, Harvey Weinstein While Introducing Honoree Jason Blum Inside Jeffrey Epstein's Hollywood: The Stars, Moguls, Directors, Producers and Fixers in His Orbit How Rupert Murdoch Bet Big on Fox - And Changed American Culture Forever Diller outlined the changes in a note to IAC shareholders Tuesday, noting that going forward the holding company will focus on its MGM holdings and the People publishing business. “We're transitioning the necessary staff of IAC into the corpus of People,” Diller wrote. “That will significantly reduce our overhead as we concentrate on our two assets: People publishing and our holdings in MGM Resorts. “As for me, I plan to continue to do what I have done here for years as Chairman and Senior Executive—be an advisor, instigator, stimulus, and sometimes ir Show less Read more
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