's IAC Earnings Fall; Not Due to

IAC/InterActiveCorp, the company that owns, reported earnings today, which showed earnings for IAC have dropped 32% from the previous year. reports IAC "earned $47.2 million, or 14 cents a share, in the quarter, compared with earnings of $68.9 million, or 19 cents a share, a year ago." Bloomberg has more detail on the earnings report, showing that revenue grew 36% to "$1.55 billion with the purchase of Cornerstone Brands Inc. and" But there are still clear concerns with's CEO Steve Berkowitz leaving for MSN Search.

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