InterActiveCorp Acquires Majority Stake in CollegeHumor.com

Authored by Mark Hefflinger on August 15, 2006 - 12:39pm.

New York - IAC/InterActiveCorp, whose holdings include Ticketmaster, Citysearch, Match.com and Evite, announced on Tuesday that it has acquired a majority interest in Connected Ventures, the parent company of comedy site CollegeHumor.com. Financial terms of the deal were not disclosed.

Founded in 1999, New York-based CollegeHumor offers videos, pictures, articles and jokes to an audience of more than 6 million monthly users; the company is also developing a film for Paramount Pictures. CollegeHumor founders Josh Abramson and Ricky Van Veen will continue to oversee operations at the company. "With its distinct brand of humor, CollegeHumor has emerged as a viral success with an enormously loyal audience among young adults," said Michael Jackson, president of IAC Programming.

http://biz.yahoo.com/prnews/060815/nytu036.html?.v=62
http://www.iac.com
http://www.collegehumor.com