Media mogul Barry Diller, head of IAC/Interactive, said yesterday he is spinning off IAC's online travel businesses--Expedia.com, Hotels.com, and Hotwire--into a separate company, which will operate
under the Expedia brand name. IAC/Interactive will retain its other businesses, including the retailer Home Shopping Network, online dating service Match.com, and ticket agency Ticketmaster.
Diller will remain as chairman and CEO of IAC/Interactive and chairman of Expedia. The CEO of Expedia will be Dara Khosrowshahi, current chief financial officer.