Are you keen on staying updated with the latest trends and developments in the digital media space? Look no further than the Media myFT Digest, a free subscription service that ensures you are always in the loop. The world of digital media is ever-evolving, and it’s crucial to stay informed and ahead of the curve.
- Barry Diller’s IAC is shaking things up in the digital media realm by considering a spin-off of Angi, the popular home services marketplace. In a strategic move to refocus on online media and gaming, the holding company is contemplating divesting its 85% stake in Angi, a brand that has been a key player in the market for nearly three decades.
- The potential spin-off of Angi is part of IAC’s larger transformation into a more streamlined and agile organization. By shedding assets such as Match and Vimeo in recent times, the company is on a mission to become more efficient and effective in the digital media landscape.
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Angi’s journey has not been without challenges, with a substantial decline in market value due to a drop in ad spending by tradespeople. Despite this, under the leadership of CEO Jeff Kip, Angi has shown resilience and adaptability by shifting its focus towards profitability rather than just growth.
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Looking towards the future, a spin-off of Angi could be on the horizon as early as the second quarter. While Angi undergoes this potential transition, IAC remains committed to nurturing core businesses such as Dotdash Meredith and MGM Resorts, ensuring a diversified portfolio in the digital media arena.
In conclusion, the digital media landscape is a dynamic and competitive space, and companies like IAC are constantly evolving to meet the ever-changing demands of the market. By exploring strategic spin-offs and refocusing their business priorities, organizations can stay agile and resilient in the face of shifting industry trends. Stay informed, stay engaged, and be prepared for the exciting transformations that lie ahead in the world of digital media.
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