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IAC Sells Majority Stake in Very Short List to Observer

Authored by Mark Hefflinger on June 15, 2009 - 7:21am.
New York - IAC (NASD: IACI), the holding company that operates Internet firms including Citysearch, Evite and Ask.com, announced on Monday that it sold the assets of its Very Short List cultural email newsletter to a joint venture with Observer Media Group.

Under the terms of the deal, Observer -- publisher of the New York Observer -- will acquire majority control of the venture, while IAC will maintain a non-controlling stake.

Launched in 2006, Very Short List highlights a single item each day; the list now counts 200,000 subscribers.

 

Related Links:
http://snipurl.com/k67zf

http://www.iac.com

http://www.observer.com

http://www.veryshortlist.com

Published in DMW Daily, June 15, 2009
tags: Deals | Acquisitions | IAC | Publishing | Observer Media Group | Very Short List |



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