CityGrid Media Wins 2010 Los Angeles Business Journal and Patrick Soon-Shiong Innovation Award Recognized As One of the Most Innovative Media Companies in the Los Angeles Area

WEST HOLLYWOOD, Calif., Dec. 2, 2010 /PRNewswire/ -- CityGrid Media, an operating business of IAC (Nasdaq: IACI), today announced CityGrid Media was awarded a 2010 Los Angeles Business Journal and Patrick Soon-Shiong Innovation Award in the Media category. CityGrid Media was chosen from thousands of top company finalists in the Los Angeles area. The company was selected a winner based on the work and innovation that comes out of the CityGrid Media family including its leading network, CityGrid®, and consumer properties including Citysearch, Insider Pages and Urbanspoon.

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"Receiving this award is particularly meaningful to us, given the abundance of high caliber companies in LA that compete with the tech rich region of the Silicon Valley," said Jay Herratti, CEO of CityGrid Media. "Our ability to thrive in the highly competitive local space and create innovative products is a direct result of our talented and committed CityGrid Media employees."

For more information about the Los Angeles Business Journal and Patrick Soon-Shiong Innovation Award, see the Los Angeles Business Journal November 29th, 2010 print edition.

To learn more about CityGrid Media, visit www.citygridmedia.com

About CityGrid Media

CityGrid Media is an online media company that connects web and mobile publishers with local advertising organizations by linking them through CityGrid®, its local content and advertising network. CityGrid Media owns and operates leading local consumer properties including Citysearch, Insider Pages and Urbanspoon. CityGrid Media is an operating business of IAC (NASDAQ: IACI). For more information, visit www.citygridmedia.com

For More Information:

Brandi Willard – 310.360.4602 or brandi.willard@citygridmedia.com



SOURCE CityGrid Media



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