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.
The Original Search Marketing Event is Back!
SES Denver (Oct 16) offers an intense day of learning all the critical aspects of search engine optimization (SEO) and paid search advertising (PPC). The mission of SES remains the same as it did from the start - to help you master being found on search engines. Early Bird rates available through Sept 12. Register today!