Make us your home page
Instagram

Barry Diller, who revived St. Petersburg's HSN, steps down as chief of IAC

Barry Diller, who over 14 years parlayed a revival of HSN into a business empire that made him a billionaire, has stepped down as chief executive of IAC/Interactive Corp., the conglomerate he built using the St. Petersburg TV shopping network as the foundation.

Diller, 68, cast HSN off on its own two years ago. Diller had controlled IAC through a now-unraveled partnership with media titan John Malone, chairman of Liberty Media, which remains HSN's largest shareholder.

A Hollywood mogul who headed programming at ABC in his 20s, Paramount Pictures in his 30s and Fox in his 40s, Diller made his real fortune buying and selling dozens of Internet companies at IAC.

Now married to fashion designer Dianne von Furstenberg, who introduced him to the TV shopping business, Diller has since been rated one of the most richly compensated CEOs in the country with access to a $45 million corporate jet and a 300-foot yacht, Eos, which is touted as the world's largest sailing vessel.

Diller got an itch for yachting from a suite overlooking the marina at the Renaissance Vinoy Resort in St. Petersburg. That's where he lived temporarily after taking over HSN — until moving into a $5 million yacht.

After a $220 million cash sale revealed Thursday, Diller will hold a third of the shares in IAC and remain chairman. But Malone sold the last of his 60 percent majority voting shares in the company that Diller had controlled since 1995. Malone's Liberty also got IAC'S Web businesses Evite and Gifts.com in the transaction.

Greg Blatt, who had been chief executive of IAC's Match.com, an Internet dating service, takes Diller's place.

Mark Albright can be reached at albright@sptimes.com or (727) 893-8252.

Barry Diller, who revived St. Petersburg's HSN, steps down as chief of IAC 12/02/10 [Last modified: Thursday, December 2, 2010 10:10pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. DOT shows alternatives to former Tampa Bay Express toll lanes

    Transportation

    TAMPA — State transportation officials are evaluating at least a half-dozen alternatives to the controversial Tampa Bay interstate plan that they will workshop with the community for the next 18 months.

    Florida Department of Transportation consultant Brad Flom explains potential alternatives to adding toll lanes to Interstate 275 during a meeting Wednesday at DOT's Tampa office. Flom presented seven diagrams, all of which swapped toll lanes for transit, such as light rail or express bus, in the I-275 corridor from downtown Tampa to Bearss Ave. [CAITLIN JOHNSTON | Times]
  2. Claim: State pressured CFO, used secret recordings to shut down Universal Health Care

    Banking

    ST. PETERSBURG — The founder of St. Petersburg's Universal Health Care alleges that Florida regulators conspired with the company's chief financial officer to drive the once high-flying Medicare insurer out of business.

    Federal agents raided the headquarters of Universal Health Care in 2013, ordering employees to leave the building. The insolvent St. Petersburg Medicare insurer was then in the process of being liquidated by state regulators.
[DIRK SHADD   |   Times file photo]

  3. Aramis Ayala defends stance against death penalty: 'I did what I believe was proper'

    State Roundup

    TALLAHASSEE — Orlando prosecutor Aramis Ayala on Wednesday defended her "absolute discretion" to never seek the death penalty in murder cases, as skeptical justices of the Florida Supreme Court bombarded her lawyer with sharp questions.

    Orlando prosecutor Aramis Ayala, far right, said she was "very well pleased" with her lawyer's case. "I violated no laws." [STEVE BOUSQUET | Times]
  4. Tampa Chamber of Commerce offers boost to black and Hispanic-owned businesses

    Economic Development

    TAMPA — There's a disconnect in Hillsborough County's minority business community.

    Gaston Meredith of Gaston's Culinary Services listens to LaKendria Robinson, Director of Minority Business Accelerator & Economic Inclusion during an information session at the Robert W. Saunders Library in Tampa on Tuesday.
[OCTAVIO JONES   |   Times]
  5. Wesley Chapel, Greater Pasco chambers of commerce merge

    Business

    LAND O'LAKES — Two chambers of commerce representing more than 850 business members from west Pasco to Wesley Chapel and New Tampa are merging into a single organization.

    Greater Wesley Chapel Chamber of Commerce President and CEO Hope Allen will lead the combined chambers of commerce announced Wednesday. The yet-to-be-named chamber will represent more than 850 businesses that currenlty are members of the Greater Pasco and Greater Wesley Chapel chambers.
[JAMES BORCHUCK   |   Times]