IAC does not get what it was looking for
IAC, Barry Diller's online conglomerate, reported $1.5 billion in third-quarter revenues, a 7 percent increase over year prior. Profits, however, decreased 4.2 percent year-over-year, from $74.9 million to $71.8 million. IAC's media and advertising division, which includes Ask.com, grew its revenues to $189.8 million, 40 percent growth over the third quarter in 2006. Please God, don't make this mean more commercials about "the algorithm."