Diller and Murdoch Work the Web

S&P analysts have some ideas about where the media moguls might move next as they expand their presence in the digital world

The head honchos of IAC/InterActiveCorp (IACI; S&P investment rank 3 STARS, hold) and News Corp. (NWS; 4 STARS, buy) appear to believe that the ability to deliver content and interact with audiences offers a strategically prescient opportunity. That's probably why we will see luminaries Barry Diller, chairman of IACI, and Rupert Murdoch, chairman of News Corp., each delivering keynote addresses at The McGraw-Hill Companies' (MHP) 2007 Media Summit in New York City Feb. 7 and 8, say Standard & Poor's analysts. (Note: Both BusinessWeek.com and Standard & Poor's are units of The McGraw-Hill Companies.)

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