IAC

By Carlos Bonachea
IAC Logo

Courtesy of IAC Press Kit [1]

555 W. 18th St.
New York, NY 10011
Phone: 212-314-7300
Website: www.iac.com

Key Executives

Barry Diller - Chairman and Senior Executive, IAC & Chairman and Senior Executive, Expedia, Inc.Chairman and Senior Executive, IAC - Chairman and Senior Executive, Expedia, Inc.

Barry Diller – Chairman and Senior Executive, IAC & Chairman and Senior Executive, Expedia, Inc.
Courtesy of the official IAC website [2].

Executive Vice President and Chief Financial Officer Courtesy of the official IAC website

Jeff Kip – Executive Vice President and Chief Financial Officer
Courtesy of official IAC website [3].

Victor Kaufman – Vice Chairman, oversees all strategic planning, financial and legal matters.
Courtesy of official IAC website [4].

      IAC remains at the forefront of internet commerce, communication, and media by strategically managing the investment, acquisition, and sale of some of the worlds most innovative companies [5]. IAC began as Silver King Communications Inc., a television company led by Barry Diller, who previously was in charge of Fox Broadcasting as well as Paramount Pictures prior to that. [6]

      IAC now boasts over 1.3 billion total monthly visits amongst it’s network of sites and controls over 150 brands and products all at the cutting edge of web commerce and modern living. IAC has spawned six independent publicly traded companies – Expedia, TripAdvisor, HSN, Tree, Interval, and Live Nation (formerly Ticketmaster). Simply put IAC is the 9th largest network in the world and one of Fortune’s most admired companies in the internet services sector. [5] [7]

About_Overview_Nov2013

Some of the many brands owned by IAC.

Financials

From April 22 2013 to April 17, 2014 stock prices of IAC (IACI) have risen 55.2% from $44.25 a share to $68.67 a share, proving IAC’s value to it’s investors. [8]

2013 Q4 statements show that revenue for IAC is down 5% from 765.3M in Q4 2012, to 724.5M.

IAC Head Quarters in NYC Photo courtesy of Vimeo on Flickr.

IAC Head Quarters in NYC Photo courtesy of Vimeo on Flickr.

IAC saw a 48% adjusted EPS growth from 0.7 in Q4 2012 to 1.04 in Q4 2013.

IAC also has enjoyed and increase in adjusted net income of 38% from 66.2 in Q4 2012 to 91.1 in Q4 2013.

Thus IAC has now entered its 19th consecutive quarter of double-digit operating income before amortization growth.

Financial Statements courtesy of IAC’s public quarterly report [9].

Media

Logo courtesy of IAC official Profile

Logo courtesy of IAC official Profile

      Vimeo is one of IAC’s hottest commodities and a worthy innovator in the realm of web video and user generated content. Vimeo currently has over 100 million unique monthly users and over 22 million register users which provide content. Vimeo is known to be the best video player “in the galaxy” which attracts some of the best independent filmmakers. Though Vimeo is within the media branch of IAC which accounts for a relatively small portion of revenue compared to ‘web search and applications’ or the Match group the media prospects of IAC prove to be some of the most innovative. [11]

      As edea.cameo_transparentof March 18 2014, Vimeo has acquired ‘Cameo‘ a video making app which the leaders at Vimeo say is going to be independently run much like the recent acquisition of Echograph about a year prior. This is very much inline with the philosophy of supporting new ideas which is so close to the core idealsCH-Logo-300x186_black of IAC. [10]
Another company in the Media branch is CollegeHumor which, thought it does not directly create a majority portion of IAC’s revenue, it has a huge impact in pop culture and the multimedia habits of the 18-14 demographic. It draws over 100 million monthly video views and the number 9 most subscribed to channel on youtube. [12]

Match

      The Match group of IAC is comprised of all the the websites and brands which deal Match_logo_300x186with dating and matching people together. Match.com being the primary website but also including many other brands. Meetic, the European leader in online dating, Chemistry.com, okcupid, and tinder. There are also some brands which specialize in helping advertisers find their audience.
Match.com recently made an exclusive MLBpartnership with Major League Baseball to further find matches based on team preferences. This joint effort can mean serious revenue for the Match group in future quarters. [13]
IAC in an effort to restructure some of the company for unknown reasons recognized Greg Blatt as the new Chairman of the newly created Match Group, on the Board of directors as of December 19 2013. This strategic moves serves as an indicator of the companies success in the Match department.

IAC thus far has proven to be a very innovative company which has harnessed the reach of its network to self facilitate more growth across company and brand lines. This innovative approach is reshaping not only pop-culture and the way we access media but the daily lives of the average person. IAC will continue to shape the way the internet does business and the way people interact. With projected financial statement the decrease in operating costs will lead to a great deal of profit in the following quarters which will more than likely prompt another large media acquisition given the highly increased capital which IAC now has.

Sources

[1] IAC Online Press Kit RET: 4/13/2014

[2] Official IAC Website– Bio Page on Barry Diller – Photo credit: Michele Asselin RET: 4/13/2014

[3] Official IAC Website– Bio Page on Jeff Kip RET: 4/13/2014

[4] Official IAC Website– Bio Page on Victor Kaufman RET: 4/13/2014

[5] Official IAC Website– Overview of Brands RET: 4/14/2014

[6] Official IAC Website– Timeline of company progress, acquisitions and sales RET: 4/15/2014

[7] CNN Money– IAC’s ranking as one of the world’s most admired companies by Fortune RET: 4/15/2014

[8] Google Finance– IAC share value from 4/22/13 – 4/17/14 RET: 4/15/14

[9] IAC public quarterly report– RET: 4/15/2013

[10] Re/Code– Article by Peter Kafka on the aquisition of Cameo by IAC’s media company Vimeo; published March 18 2014; RET: 4/11/2014

[11] Official IAC Website– Vimeo brand profile and overview RET: 4/13/14

[12] USA Today– Match.com partnership with MLB RET: 4/14/14

Radio One

Greg Jacks

 “THE URBAN MEDIA SPECIALIST”

1010 Wayne Ave. 14th Floor

Silver Spring, MD  20910

 

 

Basics

Radio One, Inc. is the largest urban-centered multi-media outfit primarily targeting an African-American audience in the world. They own and/or operate 55 broadcast stations in 16 major U.S. markets including: Washington D.C., Philadelphia, and Atlanta. The genres of their stations include: gospel, mainstream r&b/soul, hip-hop, and classic r&b. Radio One also has majority ownership of TV One, LLC (a black-    oriented cable channel), Reach Media, Inc, and Interactive One (a series of online platforms serving the black community). [1]

History

In college, Catherine Elizabeth Hughes, founder and chairperson of Radio One, developed the now highly popular format called Quiet Storm; a late-night show specializing in urban contemporary ballads. Following the success of this new format, Hughes sought to own a station of her own. After many attempts to drag money together, Hughes and her husband finally managed to buy their first radio station in 1980. The station was first called Almic Broadcasting, and started as a 24-hour news broadcast for Washington D.C.’s black community. By the late 80s, Hughes had handed down the position of president to her son Alfred C. Liggins III, who helped propel the company to new heights. Throughout the 90s, Radio One was buying up locally-owned radio stations in city markets and turning them into urban stations. The success of this period, made Radio One the media conglomerate that it is today. [2]

Key Executives

Alfred C. Liggins, III – Chief Executive Officer, President, and Treasurer

Liggins has been C.E.O. of Radio One since 1997 after being promoted by his mother. He has helped the company expand into new markets and media. He was a graduate of the Wharton School of Business at the University of Pennsylvania. Since taking over the company from his parents, Liggins has done nothing but shine, now one of multimedia’s top young moguls. [3]

Catherine L. Hughes – Chairperson of the Board of Secretary

Hughes co-founded the company in 1980, and has served with it ever since. She has held various titles within the company: C.E.O., President, General Manager, General Sales Manager and talk show host. Outside the company, Hughes has been on the Board of Directors for a myriad of groups including Broadcast Music, Inc. Her 30 years business experience has saved her a special place in the African-American community. [4]

 

Owned Station Samples

                                 Urban AC – Washington                    Gospel – Atlanta                   Hip-Hop – Philadelphia                       News/Talk – Houston                    Old School Jams – Dallas            Black Talk – Baltimore

*All images in section taken from website links. Source is the radio station’s main web page

Properties

TV One

Launched in 2004, TV One is a cable channel which delivers reality and scripted programming to the African-American consumer. Through sitcoms  real life TV, recorded movies, and news specials, TV One attempts to understand the diverse experience of black life. In 2008, TV One went HD and debuted their now trademark show, Unsung, a biography series focusing on the lives of great R&B musicians. [5]

Reach Media, Inc.

An atypical media company, REACH Media was founded by Tom Joyner (the nation’s number 1 syndicated radio host). The company is built off the success of The Tom Joyner Morning Show which airs in more than a hundred markets reaching eight million listeners. REACH Media provides a highly popular platform for advertisers to relay messages to the black community. The company also operates several web-based media, namely The Black America Web. [6]

Interactive One

Interactive One was launched in 2007 to serve as a digital network for Radio One’s African-American community. Now, the site is the number 1 black online platform, serving 9 million monthly users. [7]

 

Recent News [8]

Jan. 22, 2013 – TV One’s most watched reality series, R&B Divas, is getting renewed for a second season. Also a spin-off, R&B Divas: LA, is in production and set to launch in Q3 2013

Jan. 24, 2013 – TV One adds the original half-hour sitcom Family Time to its classic Friday comedy block

Jan. 28th, 2013 – Radio One announces that Samuel Rogers, formerly of CBS Radio, has been named VP of National Sales.

Feb. 25th, 2013 – TV One announces the debut of its new docu-series, Deceived. It chronicles the stories of those who have been conned or betrayed.

Mar. 5, 2013 – Radio One’s launches a Telemundo affiliate with the purchase of WDNI in Indianapolis. The station will become the city’s first local Spanish-language broadcast station on March 11.

Mar. 18, 2013 – TV One orders for a second season of the record-breaking summer sitcom, The Rickey Smiley Show.

Apr. 8, 2013 – Radio One has chosen WideOrbit to system the traffic for all 55 of their stations [9]

 

Financials

Unlike most radio affiliates today, Radio One is doing quite well and seeing growth in their company. Their 2012 fourth quarter radio revenues were up 11% from the previous year. TV One also saw Q4 increases, with sales up 8% from 2011 [10]. It seems the growing minority population in this country was had a dramatically beneficial effect on Radio One and its comprising affiliates. It can operate and flourish, despite providing niche programming, for only a segment of the American people.

Stocks

Radio One, or ROIA as it is listed on the NASDAQ, has seen a sharp increase in stock price just since the start of this year. It went from trading at around $0.75 in December of last year to $1.75 in April of 2013. At the market’s close today, April 8th, ROIA is selling at $1.76 a share. [11]

 

Sources

1. “About Us | Radio One.” Radio One. N.p., n.d. Web. 09 Apr. 2013.

2. “Radio One, Inc. History.” History of Radio One, Inc. – FundingUniverse. N.p., n.d. Web. 09 Apr. 2013.

3. “Radio One’s Number One.” Wharton Alumni Magazine: 125 Influential People and Ideas: Alfred C. Liggins. N.p., n.d. Web. 09 Apr. 2013.

4. “Catherine L. Hughes.” Radio One. N.p., n.d. Web. 09 Apr. 2013.

5. “TVONE.” About TV One. N.p., n.d. Web. 09 Apr. 2013.

6. “REACH Media | Radio One.” Radio One. N.p., n.d. Web. 09 Apr. 2013.

7. “Interactive One | Radio One.” Radio One. N.p., n.d. Web. 09 Apr. 2013.

8. “Latest News | Radio One.” Radio One. N.p., n.d. Web. 09 Apr. 2013.

9. “WideOrbit Traffic Selected By Radio One For 55 Stations.” All Access. N.p., n.d. Web. 09 Apr. 2013.

10. “News Releases | Radio One.” Radio One. N.p., n.d. Web. 09 Apr. 2013.

11. “Stock Information | Radio One.” Radio One. N.p., n.d. Web. 09 Apr. 2013.

Images

1. http://www.radio-one.com/

2. Kysdc Staff. “Radio One Erects Sign Above New Silver Spring Headquarters.” 93.9 KYS FM. Radio One, 28 Jan. 2012. Web.

3. King, Morgan. “Cathy Hughes: Finding A Way Or Making One.” Visionary Artistry Magazine RSS. Radio One, 18 Apr. 2011. Web. 09 Apr. 2013.

4. “Interactive One LLC » Alfred C. Liggins III.” Interactive One LLC RSS. N.p., n.d. Web. 09 Apr. 2013.

5. Odessey, Bruce. “RADIO ONE: A SMALL BUSINESS THAT GREW LARGE.”Small Businesses at Work. InfoUSA, n.d. Web. 09 Apr. 2013.

6. “TVONE.” Homepage. N.p., n.d. Web. 09 Apr. 2013.

7. “REACH Media Inc.” Homepage. N.p., n.d. Web. 09 Apr. 2013.

8. “Interactive One.”Homepage. N.p., n.d. Web. 09 Apr. 2013.

9. “Faith Evans & The R&B Divas Share Some ‘Joy’ & ‘Lovin’ With You » SOULBOUNCE.COM.” Faith Evans & The R&B Divas Share Some ‘Joy’ & ‘Lovin’ With You » SOULBOUNCE.COM. N.p., n.d. Web. 09 Apr. 2013.

10.”TV One: The Rickey Smiley Show.” Homepage. N.p., n.d. Web. 09 Apr. 2013.

11. “Stock Information | Radio One.” Radio One. N.p., n.d. Web. 09 Apr. 2013.