IAC Elects Michael Eisner to Board of Directors

Mar 15, 2011, 08:00 ET from IAC

NEW YORK, March 15, 2011 /PRNewswire/ -- IAC (Nasdaq: IACI) today announced that Michael Eisner has been elected to the company's Board of Directors, effective March 10, 2011.  IAC's Board was expanded to 13 members in connection with Mr. Eisner's election.

A veteran of the media and entertainment industries, Mr. Eisner served as the Chairman and CEO of the Walt Disney Company from 1984-2005 where he transformed the company into a global media empire.  Prior to this, Mr. Eisner served as the President of Paramount for eight years after beginning his career at ABC. In 2005 Mr. Eisner founded the media and entertainment investment firm Tornante and in addition to overseeing Tornante's key investments including The Topps Company, Tornante Animation, Diversion, Inc. and Activate™, he also serves as the Chairman of Vuguru, a studio focused on producing groundbreaking programming for the web and other emerging digital platforms.  

Mr. Eisner also serves on the boards of the California Institute of the Arts, Denison University, the Aspen Institute, the Yale School of Architecture Dean's Council, and The Eisner Foundation.

About IAC

IAC operates more than 50 leading and diversified Internet businesses across 30 countries... our mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world. To view a full list of the companies of IAC please visit our website at www.iac.com.

Contact Information:

IAC Communications

IAC Investor Relations

Stacy Simpson / Leslie Cafferty

Nick Stoumpas

(212) 314-7470 / 7326

(212) 314-7400