Interactive Corp.
Headquarters:
555 West 18th St.
New York, NY 10011
Phone: 212-314-7300
Employees: 4,000
Chairman: Barry Diller
Stock Symbol: IACI
Website:
http://www.iac.com
Career
Site
IAC/Interactive Corp. operates a network of over 150 Internet brands and 20 operating businesses including top websites Match.com, About.com, Ask.com, CitySearch, CollegeHumor, Daily Beast, Dictionary.com, OKCupid, UrbanSpoon and Vimeo.
IAC also owns Tinder, which operates a popular and fast-growing dating app available on iOS and Android.
With more than 348 unique million monthly visitors and 1.5 billion monthly visits, IAC's network of sites rank as the 11th largest in the world.
In fiscal 2013, IAC reported revenues of $3.02 billion, an 8% increase from the previous year, and net income of $285.8 million, a 79% increase. Match.com reported 3.3 million paid subscribers at the end of 2013, a 19% increase from the previous year.
Greg Blatt stepped down as CEO of the company in December 2013 and is now Chairman of the Match Group business of IAC. Barry Diller continues to lead the company and there is no CEO position currently.
In July 2014, IAC's Tutor.com acquired the Princeton Review, a leading college test and admission prep service. Terms were not disclosed..
History
Barry Diller, former CEO of Fox and Paramount
Pictures, would be named Chairman and CEO of Silver King Communications
in 1995.
In Dec. 1996, Silver King, Home Shopping
Network, and Savoy Pictures Entertainment would merge; Silver
King Communications, Inc. renamed HSN, inc.
In July 1997, HSN, inc. acquires 50% of
Ticketmaster Group, Inc. from Paul Allen.
In February 1998, FHSN, inc. acquires USA
Network, SCI FI, and Universal domestic TV (renamed Studios USA)
from Seagram; HSN, inc. renamed USA Networks, Inc. (USAI)
In September 1998, Ticketmaster Online
merges with CitySearch and goes public in December of the same
year. USAI would acquire Ticketmaster and rename itself Interactive
Corp. in June 2003.
The company would acquire Ask Jeeves in
July, 2005.
In August 2008, IAC completed the spin-offs of HSN, Inc. ("HSNi"), Interval Leisure Group, Inc. ("ILG"), Ticketmaster and Tree.com, Inc. ("Tree.com") to IAC shareholders and are now trading as separate companies.
In 2007, the company moved into a new headquarters
building designed by architect Frank Gehry in the Chelsea neighborhood
of Manhattan.
In February 2011, IAC's The Daily Beast merged with Newsweek magazine.
In 2012, IAC acquired About.com from the NY Times Company for $300 million.
Benefits
Full-time employees that work at least
30 hours per week are eligible to participate in health and insurance
benefits. Coverage includes spouse or domestic partners and children
up to age 19 or age 25 if attending college.
Health Benefits
IAC offers five medical plans nationally
and HMOs in select locations. Dental and vision plans also provided.
Savings and Retirement
The IAC Retirement Savings Plan
a 401(k) plan lets you defer on a pre-tax basis as
much as 16% of your annual pay. IAC matches the first 6% of your
pre-tax contributions at 50 cents on the dollar.You can also
contribute up to 10% of your pay on an after-tax basis. As a
convenience to you, you will automatically be enrolled in the
plan at the 3% pre-tax level upon hire. (In order to increase
this or opt out, you must log onto NetBenefits to make the change).
You can manage your own 401(k) account online, and select from
a wide range of investment funds, including IAC common stock.
You are eligible for the IAC 401(k) plan on your date of hire,
and you vest in your matching funds after two years of employment.
Flexible Spending Accounts (FSA):
These accounts allow you to
set aside up to $5,000 annually in pre-tax contributions. The
Health Care FSA covers medical expenses not covered by your regular
medical plan (copayments, deductibles, etc.) as well as selected
over-the-counter preparations. The Dependent Care FSA covers
qualified child and elder care expenses.
Employee Assistance Program: The EAP offers confidential counseling to eligible
employees and their dependents, plus
a dependent care referral service.
Group Legal: The
Group Legal Plan provides coverage for important legal expenses
such as adoption, divorce, wills and bankruptcy.
Life Insurance: IAC provides life insurance equal to 1.5 times
your annual salary, up to $500,000, at no cost to you. Additional
coverage is available from one to seven times your annual salary,
up to $1.5 million, at attractive group rates. Coverage is also
available for spouse, domestic partner, and/or eligible children.
Disability: After one week's absence, short-term disability
covers you for lost income for up to 26 weeks of illness. If
you are unable to work after 26 weeks, long-term disability coverage
becomes payable. Coverage can equal as much as 60% of your annual
pre-disability salary, and is provided at no cost to you.
Pet Insurance: Now you can cover all the members of your household.
For a low monthly fee, PetAssure provides significant
discounts on pet care services, as well as access to a pet locator
service.
Group Auto and Property Insurance:
IAC has arranged to offer discounted
group rates on homeowner's, renter's, auto and property insurance.
Coverage may be written in all 50 states and premiums are paid
through convenient payroll deductions.
Matching Gifts Program: IAC will match your charitable contributions to
qualifying organizations dollar for dollar up to certain annual
limits.
IACTreats: IAC
offers employees significant discounts on products and services
offered by IAC businesses and other well-known online retailers.
Qualified Transportation Benefit: This program provides a convenient and tax-advantaged
way to pay for commuter expenses, like commuter passes and parking
costs.
Long-Term Care Insurance: If you or an eligible family member were to need
special care to perform basic daily activities (like eating,
bathing, dressing, etc.), Long-Term Care Insurance can help you
protect your assets from the high cost of custodial or nursing
home care, and provide reimbursement (up to daily limits) should
services be needed.
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