Barry Diller owns Web sites. Nick Denton owns Web sites. They both like to dissolve their non-liquid assets.
According to Ad Age, Diller is analyzing some of his weaker performing sites, assessing the potential size of their markets, and factoring whether IAC “should we bother with it.”
Word is the cuts won’t affect Mr. Diller’s latest start-up, Tina Brown’s “The Daily Beast,” College Humor or the personal finance site FiLife, which recently appointed a new president, but comedy site 236.com and some others are likely to be sold or shut down.
How long do budding digital properties get today? It seems they’re either a hit out of the box, or they fizzle into nothingness.
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