IAC, the parent company of top-5 search engine Ask.com, has posted a 7% year-over-year growth in revenue for the second quarter of 2008.
IAC is preparing for a transition, spinning off various assets into different companies.
"We are now right around the corner from the separation of IAC into five separate companies and the dissolution of the complexity surrounding the combined structure," said IAC's Chairman and CEO, Barry Diller. "Besides the detailed numbers contained throughout this release, focusing on consolidated results is only about the past, and I would think it far more productive for the future to analyze and judge the entities on their own merits ... as a large shareholder in each that is certainly what I intend to do."
Earlier this year, Ask.com changed up their management and cut 8% of their workforce. IAC also announced a bunch of new niche sites that serve up a mix of search and social media.
Meet Your Favorite Search Engine Watch Contributors
Many of SEW's leading expert contributors will be at ClickZ Live, the new online and digital marketing event kicking off in New York (March 31-April 3). Hear from the likes of: Thom Craver, Josh Braaten, Lisa Barone, Simon Heseltine, Josh McCoy, Lisa Raehsler, Greg Jarboe, Dan Cristo, Joseph Kerschbaum, John Gagnon, Eric Enge and more!