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IAC Takes $300 Million Hit On Write-Down
wsj.com
27-Jun-2008 7 related
        

Word Count: 354 | Companies Featured in This Article: IAC/InterActiveCorp Barry Diller's IAC/InterActiveCorp will take an estimated $300 million charge to write down the goodwill value of its Cornerstone Brands catalog business, reflecting in part "significant deterioration in the macro economic environment for retailers," the company said in a regulatory filing. IAC disclosed the planned write-down as it gave additional details of its planned breakup into five companies. Cornerstone, which publishes home-and-apparel catalogs such as Frontgate and Garnet Hill, is... [read full story]                    

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