Item 8.01. Other Events.
At the Citi Entertainment, Media and Telecommunications conference on Tuesday,
Barry Diller, CEO of IAC, made certain remarks about recent performance of the
Company's HSN business unit. His remarks were misunderstood to mean that fourth
quarter revenue growth for the Company's HSN business unit was 20% over the
prior year, but his intent was to convey that individual days were frequently
showing up to 20% or greater growth over the prior year. For the full fourth
quarter, the Company currently expects HSN's revenue growth (excluding revenue
from America's Store which was included in the year-ago quarter only given that
it has ceased operations) to be approximately 8%.
Add
IACI to Portfolio
Set Alert
Email to a
Friend