IAC’s Diller Says Internet Giants Unlikely to Acquire Media

Bloomberg: Tie-ups in the media industry have limited independent production and threaten creativity, though that may be changing with the growing popularity of online entertainment, said IAC/InterActiveCorp chief Barry Diller, in Sun Valley for the Allen & Co. conference. Asked if the internet giants might be potential suitors in the media industry, Diller said he didn’t think so, and that such purchases would be “at their peril, actually.”