Monaco Media Forum - Where the World's Emotionally Challenged Come To Kvetch

Barry Diller is a keynote at the Monaco Media Forum, in a Q&A conversation with Kara Swisher, and is explaining the move to break into five companies:

During the summer, I started thinking where are we adding value to the business. The mortgage and financing business: I have little or no interest..this is not how I want to live my life. It is not close to an area I have expertise in. We were being superficial managers. They had to be separate. The businesses such as HSN and Ticketmaster helped us give the cash flow to invest in online. Now that we have money in online, we can let the previous ones go. I still believe in synergy, but I call is natural law. They have to naturally fit into each other. The problem is that there was so much huffing and puffing to fit them together. I am not sure what role I will play in all five companies.