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IAC (NASDAQ: IACI) Reports 3Q Profit, Ad Revenue Slumps

IAC/InterActiveCorp (NASDAQ: IACI), which runs Match.com, Ask.com and other Web sites, said Tuesday that asset sales helped it profit in the third quarter while advertising revenue continued to slump, according to Associated Press. Full Article at TransWorldNews

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  1. CHANGCHUN, CHINA - OCTOBER 30:  Investors view stock prices at a securities company on October 30, 2009 in Changchun of Jilin Province, China. Twenty-eight small and medium-sized firms brgan trading their shares today on ChiNext, China's Nasdaq-style market, at Shenzhen Stock Exchange.
  2. SHENZHEN, CHINA - OCTOBER 30:    Delegates of the first batch of 28 selected firms for China's ChiNext pose for photos during the listing ceremony on October 30, 2009 in Shenzhen, south China's Guangdong Province.
  3. Businessmen walk past a electronic board showing stock prices at ChiNext, modeled on the U.S.-based Nasdaq market, in Shenzhen, south China's Guangdong province, Friday Oct. 30, 2009. The Chinese stock exchange for small enterprises started trading Friday and all 28 listed companies soared in price.
  4. NEW YORK - SEPTEMBER 14:  London Mayor Boris Johnson speaks at the NASDAQ exchange on September 14, 2009 in New York, New York. Priesident Obama gave a major speech on the state of the economy today at Wall Street.
  5. NEW YORK - SEPTEMEBER 14:  Boris Johnson (C) the mayor of London, flanked by Chief Executive Officer of NYSE-Euronext Duncan Niederauer (R) and City of London Policy Chairman, Stuart Fraser (L) rings the closing bell at the end of trading day on September 14, 2009 in New York City.
  6. CEO of of IAC/InterActiveCorp, Barry Diller, speaks at the Reuters Global Media Summit in New York December 2, 2009.
  7. NEW YORK - DECEMBER 02:  Sportsman of the Year Michael Phelps speaks at the Sports Illustrated 08 Sportsman of the Year Awards at IAC Building on December 2, 2008 in New York City.
  8. NEW YORK - JUNE 25:  Actor Christopher Meloni (L) and wife Sherman Williams attend the 8th Annual High Line Annual Summer Benefit at the IAC Building June 25, 2008 in New York City.
  9. NEW YORK - MAY 29:  Singer JoJo arrives at the Step Up Women's Network's 10th Anniversary Inspiration Awards at the IAC Building on May 29, 2008 in New York City.

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